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Lending Impact: SCOTUS Rules CFPB Structure Unconstitutional

July 6, 2020

The U.S. Supreme Court ruled last week that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. The court, however, did not rule that the entire agency is unconstitutional, likely protecting the independent agency that protects consumers from predatory lending practices, including in the mortgage space. “The CFPB’s single-director configuration is also incompatible with the […]

Filed Under: CVAR Connect, Government Affairs Tagged With: CFPB, Chief Justice John Roberts, Consumer Financial Protection Bureau, Inman News, mortgage, predatory lending, SCOTUS, U.S. Supreme Court, Wells Fargo

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