Cases & Deals

Buckeye Institute submits brief in support of certiorari in challenge to CFPB structure

Client(s) Buckeye Institute

On behalf of the Buckeye Institute for Public Policy, Jones Day submitted an amicus curiae brief in support of Supreme Court review in a case presenting the question whether the Consumer Financial Protection Bureau (CFPB) is unconstitutionally structured, in light of the director's broad regulatory powers and significant independence from oversight by either the President or Congress. In its amicus brief, the Buckeye Institute argued that the Supreme Court should grant review to enforce separation of powers principles that protect our federalist system, and that the CFPB as currently structured can too easily displace state law without approval from politically accountable actors. The court will likely determine whether to grant review by early 2019.

State National Bank of Big Spring, et al., Petitioners v. Steven T. Mnuchin, Secretary of the Treasury, et al., No. 18-307 (U.S.)