Two attorneys discuss SCOTUS’ plan to hear possible game-changing CFPB case.
11/15/2019 8:00
The financial services industry has been abuzz since late October when the U.S. Supreme Court announced it would review Seila Law v. Consumer Financial Protection Bureau, a case that challenges the constitutionality of its leadership structure. Not only is the Court’s review of the structure the CFPB monumental, it also marks the first time since the bureau’s inception that agency leadership and the Department of Justice will not defend the structure of the bureau in litigation.
At issue is whether the provision of the law allowing the president to remove the agency's director only for cause violates the constitutional separation of powers.
If you are scratching your head wondering what this means, join Kari Barber, ACA’s corporate counsel, along with Jessica Klander, shareholder with Bassford Remele in Minneapolis, for an enlightening discussion in the latest episode of ACA Cast titled, “Legal Review: Understanding the Challenge to the Constitutionality of CFPB’s Leadership Structure.” The episode will be available Tuesday, Nov. 19.
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Pictured are ACA International's former Corporate Counsel Kari Barber, left, and Bassford Remele Shareholder Jessica Klander.