Seth Lloyd

Jun 7, 2024 | jdsupra.com | Natalie Fleming Nolen |Jiang Liu |Seth Lloyd

On May 30, 2024, the U.S. Supreme Court held in a unanimous decision that the preemption standard codified in section 1044 (12 U.S.C. § 25b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) requires courts to conduct a “nuanced comparative analysis,” consistent with the analysis performed in Barnett Bank of Marion County, N.A. v.

May 20, 2024 | jdsupra.com | Maria Earley |Natalie Fleming Nolen |Seth Lloyd

On May 16, 2024, the U.S. Supreme Court held in a 7-2 decision that the funding structure of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) complies with the Appropriations Clause of the United States Constitution. Justice Thomas wrote the majority opinion with separate concurrences written by Justices Kagan and Jackson. Justice Alito, joined by Justice Gorsuch, dissented.