Three Republican House members sent a letter last week to CFPB Director Chopra raising questions about the Bureau’s relationship with state attorneys general and its interpretive rule issued in May 2022 regarding the authority of state attorneys general and state …
John C. Grugan
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CFPB updates Rules of Practice for Adjudication Proceedings
By Thomas Burke & John C. Grugan on
Posted in CFPB
The CFPB has issued a procedural rule that updates its Rules of Practice for Adjudication Proceedings (Rules of Practice) and a request for comment. The procedural rule is effective February 22, 2022. However, the Bureau indicates that it “may make …
Delaware federal district court certifies questions regarding CFPB’s enforcement authority and constitutionality to Third Circuit for interlocutory appeal
By John C. Grugan & Thomas Burke on
Posted in CFPB, Regulatory and Enforcement
In CFPB v. National Collegiate Master Student Loan Trust et al., the district court rejected the Trusts’ arguments that they were not “covered persons” under the CFPA and that because the enforcement action was filed by an unconstitutionally structured …
CT federal district court rules state’s demands to PHEAA for federal student loan documents preempted by federal law
By John C. Grugan & Thomas Burke on
The Connecticut federal district court has ruled in Pennsylvania Higher Education Assistance Agency v. Perez that demands by the Connecticut Department of Banking (DOB) to the Pennsylvania Higher Education Assistance Agency (PHEAA) for federal student loan documents are preempted by …