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.
The ‘Danann’ case stands for the now well-recognized principle that a specific merger clause—one encompassing the representations that are the subject matter of the fraud claim—will likely bar a plaintiff’s fraud claim that looks outside the agreement. Recent Commercial Division decisions applying this ‘Danann’ standard are instructive as to how specific that clause must be.
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.
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