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Seila Law LLC (Seila Law), a law firm that provided debt relief services, was under investigation by the CFPB. As part of its investigation, the CFPB issued a civil investigative demand (CID) to Seila Law, which required Seila Law to produce certain documents. Seila Law declined to comply with the CID and challenged the constitutionality of the ...
The case went to the Supreme Court, but Humphrey died in 1934 before the case could be decided. The case was then pursued by the executors of his estate and so it obtained the title "Humphrey's Executor". [2] The Court distinguished between executive officers and quasi-legislative or quasi-judicial officers.
As the case progressed, the Supreme Court heard Seila Law LLC v. Consumer Financial Protection Bureau. [1] In this case, the structure of the Consumer Financial Protection Bureau (CFPB) was called into question. Like FHFA, the CFPB was formed by legislation passed by Congress, and specified that it was to be overseen by a single Director that ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Key takeaways. In May 31,2023, the Consumer Financial Protection Bureau ordered OneMain Financial to pay $20 million for deceiving and misleading some 25,000 consumers.
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