Apply Online
Schedule a Call

Litigation

CFPB firing line: DOJ moves to axe half the bureau’s staff

CFPB firing line: DOJ moves to axe half the bureau’s staff

CFPB News & Analysis, Litigation, Politics and policy /

Bloomberg News Processing Content Key insight: The agency’s enforcement and supervision units would face the heaviest hits, with staffing plummeting by 80%. Supporting data: CFPB officials alleged that a new reduction in force, or RIF, is a financial necessity after Congress slashed the bureau’s budget in half. Forward look: Critics view the latest “revised” RIF plan […]

CFPB firing line: DOJ moves to axe half the bureau’s staff Read More »

Fed Chair Powell to stay on until DOJ concludes probe

Federal Reserve, Litigation, Monetary policy, Politics and policy, Trump administration /

Key Insight: Federal Reserve Chair Jerome Powell acknowledged Wednesday that he may remain at the helm of the central bank past the end of his term because of delays in confirming his successor, and said he does not plan to leave while an investigation into him is ongoing. Expert quote: “I have no intention of

Fed Chair Powell to stay on until DOJ concludes probe Read More »

Democratic AGs sue HUD over fair housing guidance

Fair Housing Act, Litigation, Politics and policy, Trump administration /

Key insight: A group of 16 state attorneys general, all Democrats, have filed suit against the Department of Housing and Urban Development over a recent guidance limiting enforcement of equal housing laws. Supporting data: The attorneys general say the guidance, which affects how HUD funds state investigations of discrimination complaints, threatens $10.7M in Fair Housing

Democratic AGs sue HUD over fair housing guidance Read More »

Federal court rules against CFPB in funding lawsuit

Litigation, Regulation and compliance, Trump administration /

Key insight: The court declared that Consumer Financial Protection Bureau Director Russell Vought’s decision not to request funding for the agency was a “transparent display of partisanship” and granted summary judgment to Rise Economy, a consumer advocacy group that had sued the CFPB over the decision. What’s at stake: The judge rejected the CFPB’s novel

Federal court rules against CFPB in funding lawsuit Read More »

Advocates urge judge to block $68m Colony Ridge settlement

Fair Housing Act, Litigation, Politics and policy, Regulation and compliance /

Key insight: Eight civil rights nonprofits have urged a federal court to reject a proposed settlement between the Department of Justice and developer Colony Ridge, arguing an immigration enforcement clause in the settlement is “unlawful.”  What’s at stake: The underlying lawsuit targeted a “foreclosure mill” that sold undeveloped, flood-prone land to Hispanic buyers at 10%

Advocates urge judge to block $68m Colony Ridge settlement Read More »

Can Trump fire nearly all CFPB staff? Appeals court isn’t sure

Can Trump fire nearly all CFPB staff? Appeals court isn’t sure

Law and regulation, Litigation, Trump administration /

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing Content What’s at stake: The appeals court judges questioned whether various actions taken by the CFPB last year constituted a final agency action that is reviewable by a district court.   Key insight: The

Can Trump fire nearly all CFPB staff? Appeals court isn’t sure Read More »

CFPB shutdown battle reaches crucial D.C. Circuit hearing

CFPB shutdown battle reaches crucial D.C. Circuit hearing

Law and regulation, Litigation, Trump administration /

Al Drago/Bloomberg Processing Content Key Insight: The high-stakes case revolves around the actions of Russell Vought and President Trump’s publicly stated goal to eliminate the CFPB, challenging Congress’ authority to establish the agency. What’s at stake: The National Treasury Employees Union is fighting to maintain an injunction that has blocked the CFPB’s leadership from laying

CFPB shutdown battle reaches crucial D.C. Circuit hearing Read More »

Bessent: ‘No one should expect’ tariff revenue to decline

Inflation, Litigation, Politics and policy, Tariffs /

Key insight: Treasury Secretary Scott Bessent said the Supreme Court limited the administration’s tariff authority under the International Emergency Economic Powers Act, but that other laws could give the administration the same powers. Supporting data: The Penn-Wharton Budget Model has estimated that the court’s rejection of the IEEPA tariffs could result in as much as

Bessent: ‘No one should expect’ tariff revenue to decline Read More »

Developer Colony Ridge to pay $68M in DOJ, Texas settlement

DoJ, Litigation, Regulation and compliance, State of Texas /

Processing Content What’s at stake: Colony Ridge will pay $48 million to improve infrastructure at its developments near Houston particularly flood control measures. No money is earmarked for harmed borrowers, however, who have a high bar to get relief under a default avoidance plan. Key insight: In a surprise move, the DOJ is requiring that

Developer Colony Ridge to pay $68M in DOJ, Texas settlement Read More »

CFPB blocks GAO investigators in layoff report

Litigation, Politics and policy, Regulation and compliance, Trump administration /

Key insight: The CFPB’s leadership cited ongoing litigation as the reason for not cooperating with the Government Accountability Office.   Supporting data: The GAO reiterated what was found in court documents, finding that the CFPB had planned to fire 88% of the staff.   Forward look: A federal appeals court will hear oral arguments in late February

CFPB blocks GAO investigators in layoff report Read More »