Judge Paul Watford of the U.S. Court of Appeals for the Ninth Circuit. (Courtesy photo.)
A federal appeals court on Tuesday refused to order the Consumer Financial Protection Bureau to start an investigation into a law firm from scratch, despite a U.S. Supreme Court ruling last term that invalidated the Obama-era agency’s leadership structure and raised questions about the status of pending probes.
The U.S. Court of Appeals for the Ninth Circuit ruled in the case Seila Law v. CFPB, the dispute that was earlier at the Supreme Court. The justices, who said the agency’s head can be fired at will by the president, and not just for cause, had sent the case back to the appeals court to revisit whether the agency’s “civil investigative demand,” or CID, had been validly “ratified” by the agency.
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