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Regulatory Trends Offer 4 Lessons For Debt Relief Providers - Corporate and Company Law

On Jan. 10, the Consumer Financial Protection Bureau and the attorneys general of seven states filed suit against New York-based debt relief company StratFS LLC, and its founders and certain affiliated entities. ....

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Lexington Law Files for Chapter 11 Bankruptcy - ACA International

The company seeks to reorganize through the bankruptcy filings, prompted by an enforcement action from the Consumer Financial Protection Bureau. ....

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District and Appeals Courts Deny Motion for Stay in Credit Repair Suit

District and Appeals Courts Deny Motion for Stay in Credit Repair Suit
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5th Circuit's CFPB Decision Brings Challenges to Enforcement Actions

Several groups argue that the bureau’s enforcement actions, filed while using a funding source the 5th Circuit court has deemed unconstitutional, qualify them to be dismissed. ....

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5th Circuit Court of Appeals Declares Consumer Financial Protection Bureau's Funding Structure Unconstitutional as Violative of Separation of Powers Doctrine and Appropriations Clause | Saul Ewing Arnstein & Lehr LLP

On October 19, 2022, the United States Court of Appeals for the 5th Circuit dealt a severe blow to the Consumer Financial Protection Bureau’s (“CFPB”) enforcement authority, finding the. ....

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