In The News

Appeals Court Rules CFPB Structure Is Constitutional

The Wall Street Journal

31 Jan 2018

The appeals court decision that the single-director structure of the CFPB is constitutional marked a big win for one industry, according to Joseph R. Palmore, co-chair of the firm's Appellate and Supreme Court Practice Group and Managing Partner for the Washington, D.C. office, in the Wall Street Journal article “Appeals Court Rules CFPB Structure Is Constitutional.”

“The less high-profile part of the decision is a big win for the mortgage industry,” he said adding the ruling “restores certainty for the industry and provides an important check against the ability of the agencies to penalize regulated entities without fair notice.”

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