June 21, 2018 / 5:28 PM / 3 months ago

U.S. consumer protection agency's structure is unconstitutional -judge

June 21 (Reuters) - A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, meaning that the agency cannot pursue a lawsuit against a company that advances money to people awaiting settlement payouts.

U.S. District Judge Loretta Preska in Manhattan said the office of the New York Attorney General, which sued New Jersey-based RD Legal Funding LLC alongside the CFPB, can continue to pursue the case. (Reporting by Brendan Pierson in New York Editing by Tom Brown)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below