CFPB Unconstitutionally funded? What does it mean? webinar

Original Air Date: Wednesday, December 14, 2022

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According to the Fifth Circuit, the Consumer Financial Protection Bureau (CFPB)'s funding is unconstitutional - what does this mean for the bureau? More importantly, what does this mean for you?

This isn't the first time the CFPB has faced constitutional challenges. While six of 12 circuit courts have held the CFPB passes constitutional muster, the Fifth Circuit, covering Texas, Mississippi, and Louisiana, has disagreed in the most recent ruling on the matter. As the bureau petitions the Supreme Court to hear the case - the question is whether the Fifth Circuit decision will stand?

National experts break down the ruling for you and answer questions including:

What effect does this action have on the industry today?
What is the difference between funding from the Federal Reserve and from Congress?
Who does the ruling apply to?
Are the CFPB’s previous actions still valid?
What happens if this case advances to the U.S. Supreme Court?
Will Congress step in?
How should I react to this?

Get these questions and much more answered.

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Featured Instructors

Moderator

Francis "Trip" Riley
Partner
Saul Ewing, LLP

Francis "Trip" Riley represents clients who are facing complex civil litigation filed by a single plaintiff, as well as class actions, arising from commercial and consumer financing, consumer-facing services and product sales, and business-to-business transactions and competition. He prides himself on understanding his clients' unique businesses and partners with them to help achieve results in line with their goals in the often highly-charged setting of civil litigation. However, when a difficult dispute cannot otherwise be resolved, Trip and his team are prepared to go to trial. Trip is admitted to practice law before the U.S. District Courts for the Eastern District of Pennsylvania, District of New Jersey and Southern and Eastern Districts of New York, as well as the Second Circuit Court of Appeals, Third Circuit Court of Appeals and U.S. Supreme Court.

Marx Sterbcow
Managing Partner
Sterbcow Law Group

Marx Sterbcow is nationally recognized as one of the leading legal authorities in the financial settlement services industry. Sterbcow’s practice focuses on RESPA, UDAAP, TILA, Fair Lending Act, FTC, and other administrative and regulatory compliance issues. He advises banks, mortgage lenders, title insurance agencies and underwriters, law firms, and real estate brokerage companies across the United States on matters involving affiliated business arrangements, third-party vendor management auditing, CFPB & state regulatory enforcement, social media oversight, mergers and acquisitions, marketing and advertising agreement compliance, lead generation programs, and promotional advertising program guidance.

Sterbcow graduated from Tulane University with a B.A., Gonzaga University School of Law with a J.D., and the John Marshall School of Law’s Center for Real Estate Law with an LLM. Among his many accolades, he was recognized as a Trendsetter by The Title Report.