The U.S. Justice Department argued Friday that the Consumer Financial Protection Bureau should be stripped of its independence, a reversal of an earlier stance that the president only had the power to remove the Obama-era agency's director for cause, not at will.
March 17, 2017 at 03:38 PM
1 minute read
The original version of this story was published on National Law Journal
PHH Corp., a mortgage lender, is represented by Gibson, Dunn & Crutcher partner Theodore Olson, who is set to argue in front of the en banc D.C. Circuit. The company is challenging a $109 million penalty for allegedly referring consumers to mortgage insurers in exchange for kickbacks.
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