The Government Has Officially Taken Both Sides of The Argument

FHFA is structured the same way as the CFPB.  Ths is ripe that our government is arguing one is legal and the other is not.

 

Peter Chapman:

In an amicus filing in PHH v. CFBP, No. 15-1177 (D.C. Cir.), today — a copy of which is attached to this e-mail message — the Department of Justice doesn’t support the way the CFBP is structured.  By implication, the Department of Justice would not support the way FHFA is structured.  Our government’s arguments today in PHH v. CFPB do not square with our government’s arguments on a Reply filed on Feb. 27, 2017 — see http://gselinks.com/Court_Filings/Collins/16-cv-03113-0038.pdf — in Collins v. FHFA which challenges the constitutionality of the FHFA.

Incredibly, Chad R. Readler, Acting Assistant Attorney General, is the same lead lawyer in both cases!

PHH v CFPB decision




To see more posts on any of the companies mentioned in this article, enter their stock ticker symbol in the search box.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

comments powered by Disqus
Value Plays Blog
  • Todd Sullivan

    Todd's investing strategy is essentially long with the rare short. He seeks to buy undervalued issues with an upcoming catalyst that will help them realized.... More »

  • StockTwits Follow Todd Sullivan on StockTwits Follow Todd Sullivan on Twitter Subscribe to ValuePlays RSS via Email Subscribe to ValuePlays RSS
  • Tags

  • Archives