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Nov 27, 2024 | 
jdsupra.com | Jason Cover |Jeremy T. Rosenblum |Misha Tseytlin
In a shocking development yesterday, the U.S. Court of Appeals for the Fifth Circuit issued a per-curiam, single-sentence order purporting to “clarify” its prior stay of the compliance date for the Consumer Financial Protection Bureau’s (CFPB) payday loan rule.
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Nov 22, 2024 | 
jdsupra.com | Jason Cover |Jeremy T. Rosenblum |Misha Tseytlin
On November 18, the plaintiff trade groups in Community Financial Services Association of America, Ltd.(CFSA) v.
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Sep 6, 2024 | 
jdsupra.com | Carson Cox |Abigail Hylton |Misha Tseytlin
The New York Voting Rights Act‘s (NYVRA) preclearance section takes effect on September 22, 2024. The new rule requires covered jurisdictions to seek “preclearance” of certain covered policy changes to their election and redistricting procedures from the New York Office of the Attorney General (AG) or an appropriate court. The public comment period on the AG’s proposed preclearance rule is closed and resulted in the AG adopting the proposed rule as final without substantive changes.
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Aug 15, 2024 | 
lexology.com | David Dove |Misha Tseytlin |Chris Willis
Click here to listen to the audio. In this episode of The Consumer Finance Podcast, Chris Willis is joined by Partners David Dove and Misha Tseytlin to revisit the Supreme Court’s landmark decision in Loper Bright, which overruled the long-standing Chevron doctrine of court deference to agency interpretations of statutes.
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Jun 28, 2024 | 
jdsupra.com | Stefanie Jackman |Glen P. Trudel |Misha Tseytlin
Today, the U.S. Supreme Court issued a landmark decision in Loper Bright Enterprises v. Raimondo overruling the Chevron doctrine. This decision marks a watershed moment in administrative law, fundamentally altering the landscape for judicial review of agency actions under the Administrative Procedure Act (APA). In a 6-3 decision, the Court held that the APA requires courts to exercise their independent judgment in deciding whether an agency has acted within its statutory authority.
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Sep 11, 2023 | 
lexblog.com | Chris Willis |Lori J. Sommerfield |Mark J. Furletti |Misha Tseytlin
On September 8, a federal court in the Eastern District of Texas granted summary judgment in favor of the U.S. Chamber of Commerce (Chamber) and several other trade associations, holding that the Consumer Financial Protection Bureau’s (CFPB or Bureau) “March 2022 manual update is beyond the agency’s constitutional authority based on an Appropriations Clause violation and beyond the agency’s statutory authority to regulate ‘unfair’ acts or practices under the Dodd–Frank Act.” As discussed...
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Sep 11, 2023 | 
consumerfinancialserviceslawmonitor.com | Chris Willis |Lori J. Sommerfield |Mark J. Furletti |Misha Tseytlin
On September 8, a federal court in the Eastern District of Texas granted summary judgment in favor of the U.S. Chamber of Commerce (Chamber) and several other trade associations, holding that the Consumer Financial Protection Bureau’s (CFPB or Bureau) “March 2022 manual update is beyond the agency’s constitutional authority based on an Appropriations Clause violation and beyond the agency’s statutory authority to regulate ‘unfair’ acts or practices under the Dodd–Frank Act.” As discussed...
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Sep 10, 2023 | 
lexology.com | Chris Willis |Lori J. Sommerfield |Mark J. Furletti |Misha Tseytlin |Stefanie Jackman |James Kim | +1 more
On September 8, a federal court in the Eastern District of Texas granted summary judgment in favor of the U.S. Chamber of Commerce (Chamber) and several other trade associations, holding that the Consumer Financial Protection Bureau’s (CFPB or Bureau) “March 2022 manual update is beyond the agency’s constitutional authority based on an Appropriations Clause violation and beyond the agency’s statutory authority to regulate ‘unfair’ acts or practices under the Dodd–Frank Act.” As discussed...
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Jun 29, 2023 | 
lexblog.com | Misha Tseytlin |Chris Willis
Please join Troutman Pepper Partners Chris Willis and Misha Tseytlin as they discuss the Supreme Court’s recent decision to review Loper Bright Enterprises v. Sec. of Commerce, which will consider the question of whether to overrule Chevron deference for agency interpretations of statutes.
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Feb 24, 2023 | 
lexblog.com | Ethan G. Ostroff |Misha Tseytlin |Keith Barnett |Stefanie Jackman
Ethan Ostroff’s practice focuses on financial services litigation and consumer law compliance counseling. Ethan is part of the firm’s national practice representing consumer-facing companies of all types in defense of individual and class action claims and counseling them on compliance with federal and Ethan Ostroff’s practice focuses on financial services litigation and consumer law compliance counseling.
