ACA International Files Legal Brief in Pivotal D.C. Circuit Case Challenging CFPB’s Structure and Power Under Dodd-Frank

ACA International filed a “friend of the court” (amicus) brief today with the U. S Court of Appeals for the District of Columbia Circuit in the closely watched appeals court case, PHH Corp., et al. v. Consumer Financial Protection Bureau, No. 15-01177 (D.C. Cir., filed June 19, 2015). The PHH Corp. case calls into question the constitutionality of the CFPB’s single-director-removable-only-for-cause leadership structure and authority. The full slate of judges in the D.C. Circuit will take a fresh look at the appellate court’s prior decision that found the agency’s unusual independence to be unconstitutional, setting the stage for a legal fight that carries significant implications for the future of the agency in the Trump administration.