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Court certifies questions regarding CFPB’s enforcement authority
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Case Law, Consumer Protection, Nonbank Financial, Private Funds
Wednesday, March 2, 2022
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A Delaware Federal District Court circuit judge gave approval for interlocutory appeal to answer questions regarding the Consumer Financial Protection Bureau’s (CFPB) constitutionality and the scope of its enforcement authority. The two issues arise from a 2017 enforcement action taken by CFPB against the National Collegiate Loan Trusts for engaging in forbidden debt-collection and litigation practices.
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