States’ ability to enforce financial laws would be severely hampered if the U.S. Supreme Court chooses to do away with the Consumer Financial Protection Bureau, Democratic state attorneys general said in a new filing.
A California debt collection law firm challenging a CFPB civil subpoena has asked the court to consider eliminating Title X of the Dodd-Frank Act, which created the CFPB, as a potential solution to alleged constitutional flaws in the bureau’s leadership structure.
Such a move also would eliminate provisions that allow state attorneys general to enforce federal consumer financial protection laws, according to an amicus brief brief ...