Nofziger Comments on CFPB SCOTUS Decision
Dustin Nofziger, a member of Pryor Cashman’s Financial Institutions Group, spoke with Law360 regarding the U.S. Supreme Court’s decision affirming the Consumer Financial Protection Bureau's (CFPB) funding, which involves direct draw from the Federal Reserve rather than the regular appropriations process.
In “Buckle Up: CFPB's High Court Win Will Thaw Frozen Docket,” Dustin provides insight on the financial industry’s response to the Supreme Court ruling:
Firms and trade groups "are going to keep making other arguments about, for example, notice-and-comment rulemaking — that the agency didn't appropriately consider information or didn't account for factors that it should have accounted for," Dustin Nofziger, a member of the financial institutions group at Pryor Cashman LLP, told Law360. "It's just that they're not going to be able to make the additional argument that the agency is operating with an unconstitutional structure."
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