Judge Timothy J. Kelly for the U.S. District Court for the District of Columbia, according to a minute order and entry on the case docket, denied Leandra English’s emergency motion for temporary restraining order after a motion hearing held Tuesday.
On Sunday, Leandra English, named the deputy director of the Consumer Financial Protection Bureau by former director Richard Cordray, filed a federal lawsuit against President Donald Trump to block his naming of Office of Management and Budget Director Mick Mulvaney as the bureau’s acting director.
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau announced a lawsuit Nov. 15 against Think Finance for allegedly deceiving consumers into repaying loans that they never actually owed.
Richard J. Andreano Jr., an attorney at Ballard Spahr LLP, said the U.S. Court of Appeals for the District of Columbia’s pending decision in PHH Corporation v. CFPB, which could be handed down any day, likely will strongly influence how other courts address the Consumer Financial Protection Bureau structure issue.
WASHINGTON (Legal Newsline) – Two Virginia companies are suing the Consumer Financial Protection Bureau over its investigatory practices, alleging that the federal agency exceeded its authority and engaged in bullying tactics.
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Nov. 8 that it has filed a lawsuit against Freedom Debt Relief, the biggest debt settlement company in the United States, for allegations of deceiving consumers. The lawsuit also named co-CEO Andrew Housser as a defendant.
WASHINGTON (Legal Newsline) - A two-hour hearing on frivolous lawsuits before a U.S. Senate committee may have lacked focus on pending legislation but did produce a few noteworthy moments - including Sen. Al Franken’s assertion that there are “bad actors” filing meritless lawsuits, though he is opposed to the reforms presented.
WASHINGTON (Legal Newsline) – Financial institutions and free-market advocates generally applauded the recent U.S. Senate vote striking down a federal rule that would have eliminated mandatory arbitration clauses in consumer credit contracts.
A resolution of disapproval, striking down the Consumer Financial Protection Bureau’s new anti-arbitration rule, passed 51-50 Tuesday, with Vice President Mike Pence casting the tie-breaking “yes” vote. Only one Republican voted against the resolution.
Joe Rubin, who recently was named senior vice president of government relations and public affairs at Washington, D.C.-based public relations firm MWWPR and who previously served as senior counsel at Arnall Golden Gregory LLP, said the plaintiff groups’ arguments are “very strong.”
WASHINGTON (Legal Newsline) - A federal agency is keeping its research secret as it forces a controversial rule that will harm consumers and businesses alike, a fellow regulator is telling members of a U.S. Senate committee.
WASHINGTON (Legal Newsline) – A battle of opinions has broken out between the heads of two regulatory bodies, with the Comptroller of the Currency criticizing a controversial rule that he says will increase costs in the financial services industry for the sake of creating lawsuits.
More than a dozen groups, including the U.S. Chamber of Commerce, American Financial Services Association and Financial Services Roundtable, filed a lawsuit Sept. 29 in the U.S. District Court for the Northern District of Texas, Dallas Division, against the Consumer Financial Protection Bureau’s new rule, finalized in July.
WILMINGTON, Del. (Legal Newsline) – Two financial agencies have filed motions to intervene in a federal agency's $21.6 million settlement with student loan trusts over allegations of illegal debt collection.
WEST PALM BEACH, Fla. (Legal Newsline) – A mortgage company under fire for its loan practices has filed a motion to dismiss, alleging the Consumer Financial Protection Bureau (CFPB) has abused its authority in filing the suit.
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Sept. 27 that it took action against Meridian Title Corporation, a real estate settlement services company, for allegations of steering consumers to an affiliated business.