Items Tagged with 'Supreme Court'


  • Supreme Court rejects Texas bank challenge to CFPB

    Claimed CFPB’s “unprecedented, unchecked power” violates Constitutional separation of powers
    The Supreme Court declined to hear a Texas bank’s constitutional challenge to the structure of the Consumer Financial Protection Bureau on Monday. The State National Bank of Big Spring, Texas, claimed the CFPB’s “unprecedented, unchecked power” violates the Constitution’s separation of powers.
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  • Monday Morning Cup of Coffee: With Kavanaugh confirmed, will Supreme Court take aim at the CFPB?

    New swing justice previously declared bureau unconstitutional
    In case you’ve been living under a rock for the last few days (and if you have, good for you…but how’d you get out from under there???), the Supreme Court has a new justice and balance of power of the nation’s highest court just swung decidedly to the right. So, does that mean that the CFPB will soon have to argue for its structure or very existence before the Supreme Court? The new justice has already declared the bureau unconstitutional. Here's a look at what's next.
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  • Supreme Court scales back SEC’s enforcement power

    Reuters: Hands major victory to Wall Street firms
    The Supreme Court ruled to scale back the Securities and Exchange Commission's enforcement power, handing a major victory to Wall Street firms. The decision provides more certainty and predictability to the enforcement process for Wall Street firms. Meanwhile, the court case carries similarities to the ongoing landmark case between the Consumer Financial Protection Bureau and PHH.
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  • Supreme Court rules cities can sue banks for predatory lending

    Hands partial victory to Miami in suits against Bank of America, Wells Fargo
    The Supreme Court handed down a landmark ruling, stating that cities can sue banks for discriminatory mortgage lending practices, but cautioned that the burden of proof could be difficult to achieve. The ruling stems from a lawsuit brought by the city of Miami, which sued Bank of America, Wells Fargo and Citigroup in 2013, stating that the banks engaged in predatory lending to minority borrowers in the city.
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  • NAHB: White House asked for our help to get Gorsuch on Supreme Court

    Builders' group says will help work to avoid Democrat filibuster
    With the threat of Democratic filibuster looming in the Senate, the White House is apparently turning to homebuilders for help with getting Neil Gorsuch confirmed as the country’s next Supreme Court justice. And according a post from the National Association of Homebuilders, the group will answer the White House’s call.
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  • Supreme Court to consider Miami's predatory lending suit against Bank of America, Wells Fargo

    Won't decide case, but could rule on city's ability to sue for lending discrimination
    The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending. The city sued the megabanks in 2013, accusing the banks of "disproportionately placing vulnerable, underserved minority borrowers in loans they cannot afford."
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