Debt Articles

And So Begins the Effort to Toss Out CFPB Wins Protecting Consumers

Ringing the bell to turn back time.
Written by Steve Rhode

Recently the Supreme Court made a determination that the single director format of the Consumer Financial Protection Bureau (CFPB) was not going to continue. See this post.

A student loan assistance company that had entered final judgment with the CFPB for $18 million.

Even though the Defendants entered into a Stipulated Judgment admitting they “violated FCRA by using or obtaining consumer reports to market student loan Debt-Relief Services” at least one now wants to unring that bell.

One Defendant in the case, Jawad Nesheiwat, has coughed up the cash to pay his attorney to toss the judgment.

The document filed states,”Jawad Nesheiwat (“Nesheiwaf’), shall and hereby does move the Court for an order dismissing this entire action or for judgment on the pleadings for want of jurisdiction under Article III and pursuant to the United States Supreme Court decision issued on June 29, 2020, in Seila Law LLC v. Consumer Financial Protection Bureau, 2020.” – Source

It will be a matter of time to determine how many of the past cases the CFPB has won to protect consumers will now be attempted to be dismissed.

We shall have to wait and see if this attempt to have past ruling tossed out will be successful. If I was a betting person I would imagine this will not be a winning tactic but only time will tell.

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READ  Student Loan Assistance Doc Prep Players Settle for $18 Million



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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