High Court Ruling Leaves CFPB Enforcement Actions in Doubt

High Court Ruling Leaves CFPB Enforcement Actions in Doubt

June 30, 2020, Bloomberg Law

Eric Mogilnicki spoke with Bloomberg Law about the Supreme Court’s case considering the constitutionality of the Consumer Financial Protection Bureau, which has led to an examination of its past actions. Mr. Mogilnicki says the Supreme Court may have “opened Pandora’s box” that could allow companies to nullify enforcement actions and even regulations from when the CFPB was constitutionally defective.