The U.S. Court of Appeals for the D.C. Circuit heard oral arguments in a case against the structure of the CFPB Tuesday in a rare case against the bureau.
PHH Corp. pushed back against a CFPB order the bureau made against the lender after it allegedly accepted kickbacks from mortgage insurers. In an appeal to the ruling, PHH called into question the agency's and Cordray's authority.
The three-judge panel listened to arguments on the constitutionality of the agency and its single director, and whether it violated separation of powers. Ted Olson, a partner at Gibson, Dunn & Crutcher, argued on behalf of PHH, while Lawrence DeMille-Wagman argued for the bureau.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
