Freeman, et al. v. Quicken Loans, Inc.: Supreme Court Declines To Expand Consumer Protections Beyond Congress’ Exact Words

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Freeman, et al. v. Quicken Loans, Inc.: Supreme Court Declines To Expand Consumer Protections Beyond Congress’ Exact Words. The Freeman decision demonstrates that administrative agencies cannot expand federal consumer protections beyond the express terms enacted by Congress, which some argue that the CFPB has been attempting to do. Future disputes over CFPB attempts to “add” protections to existing laws (perhaps concerning disparate impact issue related to the Equal Credit Opportunity and Fair Housing Acts) can be expected, and Freeman will be an important weapon for those disagreeing with the agency in such battles.

By Frances Floriano Goins, Esq., Richik Sarkar, Esq. and Erika Imre Schindler, Esq.

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Published In: General Business Updates, Finance & Banking Updates, Consumer Protection Updates, Business Torts Updates, Privacy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richik Sarkar, McDonald Hopkins LLC | Attorney Advertising

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