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On May 16, in a 7-2 decision authored by Justice Clarence Thomas, the Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau (CFPB) and capped the agency’s 12-year battle to implement federal payday lending reforms.
The decision, which reversed a Fifth Circuit decision declaring the CFPB’s funding mechanism unconstitutional, has myriad repercussions for the CFPB’s enforcement program and policy agenda, as well as for the agency as an institution. Join Husch Blackwell’s Consumer Financial Services team for insights on the decision and its implications, including the long-delayed implementation of the payday lending rule.
Presenters
Christopher K. Friedman, Partner
Marci V. Kawski, Partner
Mike G. Silver, Partner, and Former CFPB Senior Counsel
Who Should Attend
Clients, and other companies or individuals, who are regulated by the CFPB, and anyone with interest in Supreme Court jurisprudence, federal administrative law, and implementation of the payday lending rule.
Continuing Education Credit
This program is pending approval for Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, Tennessee, Texas, and Wisconsin continuing legal education credit.