CFPB Guidance, Enforcement Hang in the Balance of the U.S. Supreme Court Appeal

Consumer Protection Defense and Compliance attorney Anthony DiResta was quoted in an S&P Global Market Intelligence article about the Consumer Financial Protection Bureau's (CFPB) appeal to the U.S. Supreme Court over a ruling that deems its funding structure unconstitutional. If this appeal is upheld, it could wipe out the current mechanism by which the agency gets its appropriations through the Federal Reserve. As a result of this decision, many companies are seeking to take advantage of the ruling by dismissing lawsuits brought against them by the Bureau, something Mr. DiResta warns against pursuing.

"Such an aggressive posture will likely sour the relationship between the CFPB staff and the target, which could influence how the CFPB pursues its inquiry," he said. 

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