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Jeffrey P. Naimon quoted in American Banker article, “What CFPB’s day in court will mean for FHFA”

American Banker

Jeffrey P. Naimon

Jeffrey P. Naimon was quoted on November 4, 2019 in an American Banker article, “What CFPB’s day in court will mean for FHFA,” which discussed how the leadership structures at both the Consumer Financial Protection Bureau and Federal Housing Finance Agency are under scrutiny and how the outcome of an upcoming Supreme Court case involving the CFPB might have an effect on the FHFA.  The article stated, “Most experts agree that the Supreme Court is more likely to sever the for-cause provision for the CFPB, which would allow a president to fire the director of the agency at will rather than invalidate the entire agency and its policies.”

Naimon noted, “I don’t think it’s a foregone conclusion that the court will rule that the for-cause provision is unconstitutional. But if that's the direction they go, it's critical that they complete the circle and clarify the legality or lack of legality of past actions.”

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