The Ninth Circuit Court of Appeals has determined a civil investigative demand (CID) issued by the Consumer Financial Protection Bureau (CFPB) against a California law firm is still valid – despite the fact that the agency was unconstitutionally structured.
The circuit court held CFPB Director Kathy Kraninger’s ratification of the CID remedies any constitutional injury that Seila Law may have suffered.
Read on for details from the Ninth Circuit’s recent ruling.
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