The U.S. Supreme Court will hold oral argument on October 3, 2023 in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau, a case we have been following closely on Consumer Finance Monitor because of its profound potential implications for the future of the CFPB.  In the case, the Court will rule on whether the CFPB’s funding mechanism violates the U.S. Constitution’s Appropriations Clause and, if so, what the appropriate remedy should be.

On October 17, 2023, from 2:00 p.m. to 3:30 p.m. ET, Ballard Spahr will hold a special roundtable, “The U.S. Supreme Court’s Decision in CFSA v. CFPB: Who Will Win and What Does It Mean?”  The webinar brings together six attorneys who filed amicus briefs with the Supreme Court.  They will share their reactions to the oral argument, important insights into the thinking of the nine Justices, predictions for how and when the Court will rule, and potential implications for the CFPB, the industry, and consumers.  Alan Kaplinsky, Senior Counsel and former Practice Group Leader in the firm’s Consumer Financial Services Group, will moderate.  To register, click here.

The six attorneys will assess the case from all angles, as three briefs supported the CFPB, two supported the CFSA, and one industry brief supported neither party, taking the position that although the CFPB’s funding is unconstitutional, the Supreme Court should validate other final regulations previously issued by the CFPB so as not to create chaos.

When registering, registrants can submit questions for our speakers to address during the webinar.