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    2018, July

    0 Supreme Court Nominee Brett Kavanaugh & the CFPB

    Last night, President Donald Trump nominated Judge Brett Kavanaugh to fill Justice Anthony Kennedy's seat on the Supreme Court of the United States (SCOTUS).

    Regarding his opinions on relevant banking matters, Kavanaugh held that entities directly regulated by the Consumer Financial Protection Bureau (CFPB) could challenge the constitutionality of the Bureau's design in 2015. The following year, Kavanaugh found that the CFPB's design was, in fact, unconstitutional; he likewise ruled that the CFPB Director could be removed by the President. This January, however, the D.C. Circuit reversed that 2016 ruling (Kavanaugh, of course, wrote a dissent).  

    0 Senate Hearings on Kraninger Nomination & Credit Reporting Agencies - Scheduled for 12 & 19 July

    Politico has reported that on July 19, the Senate Banking Committee will hold a hearing on President Trump’s nomination of Kathy Kraninger to serve as CFPB Director.  While we find this surprising, we continue to believe that she will not be confirmed by the full Senate until after the mid-term elections.