Trade groups file opposition to CFPB’s motion for summary judgment in Texas lawsuit challenging CFPB payday loan rule
CFPB Monitor
NOVEMBER 30, 2020
The trade groups make the following principal arguments in their new filing: The CFPB’s pre- Seila Law unconstitutional structure rendered all of the CFPB’s acts null and void. Constitution and the Administrative Procedures Act (APA) and that the payments provisions have additional infirmities that render them invalid.
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