Editor: David Reiss
Brooklyn Law School

May 23, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • The U.S. Court of Appeals, District of Columbia is gearing up to hear the landmark case challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB). In 2016, PHH received a 100 million dollar fine regarding their consumer and mortgage insurance practices. PHH alleges the director of CFPB has sole power to make decisions without necessary checks and balances which is unconstitutional. The Court’s ruling will determine the constitutionality of the bureau’s leadership structure.
  • The De Blasio administration recently proposed the addition of a new homeless shelter in Crown Heights, Brooklyn. Many of the residents in the Crown Heights neighborhood expressed growing concerns regarding the types of residents flocking to their neighborhood. Although the city’s 32 million dollar structure is much needed, residents seem to think one more shelter is too much for their community.
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