Consumer Finance Litigation

On October 18, 2019, the Supreme Court granted the petition for a writ of certiorari filed in Seila Law LLC v. Consumer Financial Protection Bureau. In granting the petition, the Court agreed to take up two distinct issues. First, whether the vesting of substantial executive authority in the Consumer Financial Protection Bureau (“CFPB”), an independent agency led by a single director, violates the separation of powers clause of the Constitution. Second, if the Consumer Financial Protection Bureau is found unconstitutional on the basis of the separation of powers, whether 12 ...