Status of the Consumer Financial Protection Bureau is negated by a federal court in New York.

The constitutional status of the CFPB designed to protect consumers from predatory creditors in the lending and trade credit space has been questioned by a federal district court in New York, despite having been upheld by a federal appellate court in the District of Columbia.  As this issue percolates, consumers will find the D.C. courts to be potentially more favorable to their position than those of New York.  For additional information, please see a recent article on the topic.