Second Circuit Upholds CFPB Funding Structure While Dueling Fifth Circuit Decision Awaits Supreme Court Review

LexisNexis (June 5, 2023, 4:18 PM EDT) -- The Second Circuit Court of Appeals recently jumped into the high stakes legal battle over the constitutionality of the funding structure of the Consumer Financial Protection Bureau. The federal appellate court found the Bureau’s funding structure to be constitutionally sound. The case is Consumer Financial Protection Bureau v. Law Offices of Crystal Moroney, P.C., 63 F. 4th 174, 2023 U.S. App. LEXIS 6978* (2nd Cir. Mar. 23, 2023) (Moroney)....