Publication
Supreme Court rules CFPB funding structure is lawful
The Supreme Court of the United States ruled on May 16, 2024 that the current funding structure for the Consumer Financial Protection Bureau (CFPB) is constitutional.
Authors:
Global | Publication | February 2020
On January 31, 2020, France, the United Kingdom and the United States announced a settlement with Airbus SE (Airbus), the French aircraft manufacturer, in relation to bribery allegations and, in the US and France, export control violations. The combined penalties total US$3.9 billion, the largest anti-corruption settlement in history. The settlement offers insight into corruption enforcement in the different countries and, perhaps more importantly, a view of the future of coordinated multi-jurisdictional investigations and enforcement.
The case illustrates the trends that we are seeing in our practice: (i) regulators and prosecutors are increasingly working together to investigate and resolve issues; (ii) the ambit of extra-territorial jurisdiction is being continually expanded; and (iii) common global standards for effective compliance programs are emerging.
Read the full briefing on our Regulation Tomorrow blog.
Publication
The Supreme Court of the United States ruled on May 16, 2024 that the current funding structure for the Consumer Financial Protection Bureau (CFPB) is constitutional.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023