But the ruling falls far short of eliminating the bureau’s legal obstacles.
Immediately after the ruling was announced, lawyers for the bureau, which is charged with preventing consumer abuse in the financial industry, began preparing dozens of legal filings to try to unfreeze its activities.
Among them are requests to federal judges to end stays on new rules and on subpoenas to financial firms.
While the Supreme Court’s ruling should resolve a few of the stays, the bureau will still struggle to overcome other roadblocks.
He noted that Justice Samuel A. Alito Jr.’s dissent cited three recent consumer bureau actions that, in Justice Alito’s view, would be “major changes” in consumer protection law.
Persons:
”, Graham Steele, Samuel A, Alito Jr, ’, Alito’s
Organizations:
Consumer, Treasury Department