Rehearing Of PHH Vs. CFPB Looms As Trump Admin To Join PHH Argument

From: PYMNTS.com

In the latest salvo in the legal wrangling between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the Justice Department has signaled that it will embrace the argument laid out by PHH Corp. that the CFPB is unconstitutional.

As noted by CFPBMonitor.com and disclosed in a court filing with the U.S. Court of Appeals for the District of Columbia Circuit, the Justice Department signaled that it will file a “friend of the court” briefing by Mar. 17, and this action portend further legal consideration over the CFPB’s structure and reach.

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