CFPB Constitutionality to Get Early March Supreme Court Hearing

Eric Mogilnicki spoke with Bloomberg Law about the Supreme Court’s scheduling of arguments in Seila Law LLC v. CFPB, a case which will determine the Consumer Financial Protection Bureau’s constitutionality.  Mr. Mogilnicki commented on a potential CFPB challenge involving All American Check Cashing Inc., saying regardless of whether the Supreme Court takes All American, “the interests of consumers and financial institutions alike would be well served if the Court provided some direction on which of the Bureau’s prior actions stand even if the Bureau’s structure is unconstitutional.”