HT Recording: Seila Law LLC V. Consumer Financial Protection Bureau: What It All Means

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The U.S. Supreme Court ruled on Monday in Seila Law v. Consumer Financial Protection Bureau that the Consumer Financial Protection Bureau’s leadership by a single director removable only for inefficiency, neglect or malfeasance violates the separation of powers. 

U.S. Supreme Court justices debated the “for cause” removal policy for the director of the industry’s key regulator and its bearing on the president’s executive powers during oral arguments in in March. 

During this Hot Topic Richard Perr, Co‑Managing Partner, Kaufman Dolwich Voluck, Philadelphia, PA and Heath Morgan, General Counsel, Morgan Financial Group, Oklahoma City, OK will discuss with members what the opinion is saying, what it means and the impact it will have on the credit and collection industry. 

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