Four Amicus Briefs Filed in All American Check Cashing Case Addressing Constitutionality of CFPB Structure
On September 17, 2018, four Amici filed briefs in the CFPB’s case against All American Check Cashing, which is now before the Fifth Circuit Court of Appeals. The Court is considering whether the structure of the CFPB is constitutional and what impact its structure, right or wrong, has on its ability to continue to prosecute claims against regulated entities. The Amici, all supporting the CFPB, were as follows:
Certain current and former Members of Congress involved in drafting Dodd-Frank;
Five people calling themselves “CFPB Separation of Powers Scholars,” including Harold Bruff, Gillian Metzger, Peter Shane, Peter Strauss, and Paul Verkuil;
Nine consumer advocacy groups, including Public Citizen, Inc., Americans for Financial Reform Education Fund, Center for Responsible Lending, Consumer Federation of America, Consumers Union, National Association of Consumer Advocates, National Consumer Law Center, Tzedek DC, and U.S. Public Interest Research Group Education Fund, Inc.; and
The Amici made substantially the same arguments made by amici supporting the CFPB in connection with the PHH case.