Fifth Circuit Finds CFPB Funding Unconstitutional — Potential Implications

1 hour watch | October.24.2022

The Fifth Circuit ruled that the Consumer Financial Protection Bureau’s funding structure is unconstitutional, triggering a potential wave of implications. Is the CFPB’s existence in jeopardy? What does this mean for pending examinations and enforcement actions? Can companies still rely on various safe harbors offered by the bureau? Will the CFPB seek en banc review or petition for a Supreme Court review? John Coleman, Marshall Bell, and Jeff Naimon discussed how this ruling affects the financial services industry and what we can expect to see both in the short and long term.

Webinar filmed prior to the combination of Buckley and Orrick in 2023.


The information contained herein is for informational purposes only, does not constitute legal advice, and does not necessarily reflect the opinions of Orrick or any of its attorneys or clients. This presentation is not intended to create, and does not create, an attorney-client relationship between you and Orrick, or any of the presenters, and you should not act or rely on any information in this presentation without consulting legal counsel. The information contained in this presentation may or may not reflect the most current legal developments. Accordingly, information in this presentation is not promised or guaranteed to be correct or complete, and it should not be considered an indication of future results. Orrick expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this presentation.