An Orange County, Calif. law firm appealing a civil investigative demand is arguing that the U.S. Supreme Court does not need to rule on the constitutionality remedy for the Consumer Financial Protection Bureau (CFPB) to invalidate its action against the company.
Seila Law filed its first brief with the Supreme Court this week in its case, which is scheduled to be heard in March 2020.
Read on to see why Seila Law disagrees with the Department of Justice’s stance that 12 U.S.C. §5491(c)(3) should be severed from the Dodd-Frank Act if the CFPB is found unconstitutional on the basis of the separation of powers.
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