Second Circuit Gives CFPB Chance to Revive 9/11 Victim Suit

A federal appeals court revived a fraud case against a legal settlement advance company that the Consumer Financial Protection Bureau says defrauded former NFL players and the families of Sept. 11 terrorist attack victims.

The U.S. Court of Appeals for the Second Circuit on Friday overturned a 2018 lower court ruling that dismissed the CFPB’s enforcement lawsuit against RD Legal Funding LLC after finding that the agency’s independent leadership structure was unconstitutional and unfixable.

The U.S. Supreme Court in June also found the bureau’s leadership structure was unconstitutional, but said the CFPB can continue to exist after severing a Dodd-Frank ...