Case Updates
Third Circuit holds that trusts are covered persons subject to the Consumer Financial Protection Act
March 19, 2024
U.S. Chamber files coalition amicus brief
September 30, 2022
The brief urges the Third Circuit to reject effort by the Consumer Financial Protection Bureau to expand its enforcement authority by including passive securitization trusts in the statutory definition of “covered persons” in the Consumer Financial Protection Act.
Stephen Nickelsburg, Robert Houck, Benjamin Peacock, and Minji Reem of Clifford Chance US LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.