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United States: "An Arrow Has Found Its Target": Federal Appeals Court Deems CFPB Funding Method Unconstitutional, Invalidating Payday Lending Rule - Kelley Drye & Warren LLP
In a decision with potentially far-reaching implications for the CFPB, a three-judge panel of the U.S. Circuit Court of Appeals for the Fifth Circuit yesterday ruled that the Bureau's funding structure is unconstitutional.
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