The Consumer Finance Protection Bureau (CFPB) issued a press release on May 30 detailing the beginning of its investigations into junk fees contributing to rising mortgage closing costs. The investigation seeks to understand why these costs are ... Read More
Jay Beitel Weighs in on SCOTUS Decision to Hear CFPB Funding Case
In February, the Supreme Court agreed to hear Consumer Financial Protection Bureau v. Community Financial Services Association, reviewing a Fifth Circuit decision that could determine the fate of the consumer watchdog agency and its budgetary ... Read More
Jay Beitel’s Insights on Constitutionality of CFPB’s Funding Through the Federal Reserve Featured in Trade Media
On October 19, the U.S. Court of Appeals for the Fifth Circuit ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional, as it violates the separation of powers clause because it occurs outside the ... Read More