CFPB Wins At The Supreme Court

Earlier this month the United States Supreme Court, in a 7-2 ruling, held that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution. As we previously discussed in greater detail here, under the Dodd-Frank Act, Congress provided a standing source of funding for the CFPB outside the ordinary annual appropriations process—the Bureau draws from the Federal Reserve System an amount determined by its Director, subject only to an inflation-adjusted cap. […]

By | Jul 22, 2024 ||

Supreme Court Holds That CFPB’s Funding Is Constitutional, Clearing Way For Rulemaking Agenda

On May 16, 2024, the U.S. Supreme Court held 7-2 in Consumer Financial Protection Bureau v. Community Financial Services Association of America (CFSA) (Docket No. 22-448) that the CFPB’s funding structure is constitutional. With the Court’s decision, uncertainty over the CFPB’s rulemaking authority tied to the constitutionality of the CFPB’s funding has been removed, clearing the way for key rulemaking initiatives to proceed.

At issue in the case was the question of whether the CFPB’s funding structure, […]

By | Jul 20, 2024 ||

Vladimir Myasnyankin v. Nationwide Mutual Insurance Company

In Myasnyankin v. Nationwide Mut. Ins. Co., 99 Cal.App.5th 283 (January 30, 2024), the California First District Court of Appeal affirmed the trial court’s entry of judgment in favor of Vladimir Myasnyankin with respect to a complaint seeking a declaration of Myasnyankin’s right to video record all other parties to an examination under oath required by Nationwide in connection with a property claim.

The parties’ dispute arose out of a claim for water damage sustained by […]

By | Jul 18, 2024 ||