Posts Tagged ‘DOJ’

DOJ brief argues that Trump can fire CFPB Director

can Trump fire CFPB DirectorEarlier this month, the DOJ filed an unopposed motion for leave to file an amicus brief which indicated that the Trump Administration might be switching sides in the legal battle, departing from the position that the DOJ took under President Obama. So it came as no surprise when the DOJ submitted its amicus brief in the PHH case last Friday and asked the DC Circuit to declare the CFPB’s leadership structure unconstitutional.


PHH files opening brief, asks court to eliminate CFPB

PHH files opening briefOn March 10, 2017, PHH filed its opening brief with the DC Circuit and asked the court to “strike down the CFPB in its entirety.”

Last month, the DC Circuit granted the CFPB’s petition for rehearing en banc following an October 2016 ruling by a three-judge panel court that declared the CFPB’s single-director-removable-only-for-cause structure unconstitutional. The panel remedied the constitutional defect by severing the applicable provision in the Dodd-Frank Act and making the CFPB Director removable without cause by the President.


Debt collector to pay $700,000 in settlement with FTC

On February 14, 2017, the FTC issued a press release announcing that it had reached a settlement agreement with GC Services Limited Partnership to resolve allegations that GC used “unlawful tactics to collect on federal student loans and other debts.” Under the settlement agreement, GC will pay a $700,000 civil money penalty.

GC is a third-party debt collector that focuses on collection of federal student loans and other types of debt. GC is headquartered in Houston, Texas.


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