The Consumer Financial Protection Bureau (CFPB) is arguing that a lawsuit against a Mississippi payday loan company cannot be dismissed because the bureau is constitutional.
The CFPB is claiming All-American Check Cashing’s constitutional challenge fails under binding Supreme Court precedent, as the en banc D.C. Circuit held in the PHH v. CFPB case.
Read on to see more details on the bureau’s brief, which was recently filed in the Fifth Circuit Court of Appeals.
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