Francis X. Riley, III

Saul Ewing LLP

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Supreme Court Rules That the CFPB Director Must Be Removable at Will

The U.S. Supreme Court ruled on June 29 that the Director of the Consumer Financial Protection Bureau (CFPB) cannot constitutionally be subject to removal only for cause, as provided by the Dodd-Frank Wall Street Reform and...more

7/1/2020 / Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Dodd-Frank , Removal For-Cause , Reversal , SCOTUS , Seila Law LLC v Consumer Financial Protection Bureau , Separation of Powers , Severability Doctrine , Single Director

Will Dismissal Only “For Cause” Be the Downfall of the CFPB?

The United States Supreme Court has granted certiorari in the matter of Seila Law LLC v. Consumer Financial Protection Bureau to address the question of whether the Consumer Financial Protection Bureau’s (CFPB)...more

10/22/2019 / Certiorari , Constitutional Challenges , Consumer Financial Protection Bureau (CFPB) , Dodd-Frank , Removal For-Cause , SCOTUS , Separation of Powers , Single Director

CFPB Continues Its Enforcement In Less Than Traditional Areas of Consumer Protection; This Time it is Remittances

The Consumer Financial Protection Bureau (CFPB) announced on Tuesday, August 27, 2019 a consent order entered into with Maxitransfers Corp., a Texas-based money transmitter, following its investigation of Maxitransfers’...more

8/29/2019 / Consumer Financial Protection Bureau (CFPB) , Dodd-Frank , EFTA , Remittance Transfer Rule

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