Jim Flynn: Consumer agency’s fate lies with Supreme Court

The legal structure of the Consumer Financial Protection Bureau is once again in the news.

The U.S. Supreme Court agreed Oct. 18 to review a decision by the 9th Circuit Court of Appeals upholding the constitutionality of the CFPB. The case began when the CFPB demanded documents from a debt collection law firm and the law firm refused to comply, arguing the CFPB’s structure violated separation of powers provisions in the Constitution. The trial court agreed; the 9th Circuit did not.

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Equifax Data Breach Class Counsel Wants $77 Million in Fees

Attorneys representing the 147 million Americans affected by the 2017 Equifax Inc. data breach asked the Northern District of Georgia Oct. 29 for 20% of proposed class settlement fund.

The deal “is historic, exceeding the value of all previous consumer data breach settlements combined,” class counsel said in its motion for attorneys’ fees.

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