From: ACA International
The decision is pending until a similar case from PHH Corp. challenging the constitutionality of the CFPB’s leadership structure and authority is resolved.
U.S. District Court Judge Ellen Segal Huvelle in Washington, D.C. is delaying a decision in a case by State National Bank in Big Spring Texas that challenges the constitutionality of the leadership structure at the Consumer Financial Protection Bureau, Bloomberg reported on Wednesday.
The delay is connected to a pending decision in a similar case PHH Corp. v. Consumer Financial Protection Bureau, 15-1177, U.S. Court of Appeals for the District of Columbia Circuit, focusing on the CFPB’s leadership structure, according to the article.