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ARTICLE · 06 JANUARY 2023

State AG Updates: December 15-28, 2022

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Each week, Crowell & Moring's State Attorneys General team highlights significant actions that State AGs have taken. Here are this week's updates.

United StatesConsumer Protection
Crowell’s State AG Team
Crowell’s State AG Team

Each week, Crowell & Moring's State Attorneys General team highlights significant actions that State AGs have taken. Here are this week's updates.

Multistate

  • A multistate coalition of 17 attorneys general, led by West Virginia Attorney General Patrick Morrisey, submitted a Writ of Certiorari requesting that the U.S. Supreme Court review questions pertaining to the constitutionality of the Consumer Financial Protection Bureau (CFPB) in Consumer Financial Protection Bureau v. Community Financial Services Association of America Ltd. The U.S. Court of Appeals for the Fifth Circuit ruled the funding mechanism of CFPB, which was formed during the Obama administration and charged with regulating much of the financial services industry without substantial oversight from Congress, is unconstitutional. The Fifth Circuit's decision is at odds with the D.C. Circuit, which saw no constitutional problem with the CFPB's budgetary set-up.

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