On Wednesday, May 24, the full D.C. Circuit of the U.S. Court of Appeals will hear oral argument in PHH v. CFPB—a case that could have a significant impact on the work of the most effective consumer protection agency that we have.
If you want to know more about the issues involved in the case, check out this short video.
The bottom line is simple. The CFPB stands up for consumers by going after the wrongdoers who threaten our financial security. But that’s exactly why the agency is under attack from special interests. U.S. PIRG—along with our many coalition partners and state attorneys general from around the country—strongly supports keeping the CFPB in its concurrent form so that it can go to bat for consumers, including potentially vulnerable consumers like members of the military and college students. As we argue in our friend-of-the-court brief, the D.C. Circuit should reject this latest attack and let the CFPB keep doing its job.