State National Bank of Big Spring, Texas, recently joined with the Competitive Enterprise Institute (CEI), and the 60 Plus Association in petitioning the Supreme Court to issue summary judgment regarding a lawsuit initially filed in 2012 against former Treasury Secretary Jacob Lew, making a case for the abolishment of the bureau and every regulation enacted by it.
The fact that D.C. Circuit Court of Appeals Judge Brett Kavanaugh ruled on the case in 2015, gave a dissenting opinion in the PHH Corp. v. CFPB case asserting that the bureau is unconstitutionally structured and is awaiting Senate confirmation to join the Supreme Court adds significant intrigue to the matter.
Get more details about the lawsuit and what Kavanaugh previously said about its merits.