Consumer Financial Protection Bureau v. RD Legal Funding, LLC

Consumer Financial Protection Bureau v. RD Legal Funding, LLC, 332 F. Supp. 3d 729 (S.D.N.Y. 2018), is a lawsuit by the Consumer Financial Protection Bureau (CFPB) and the Attorney General of New York against Defendants RD Legal Funding, LLC, RD Legal Finance, LLC, RD Legal Funding Partners, LP and Roni Dersovitz, the founder and owner of the RD Entities. On June 21, 2018, Senior U.S. District Judge Loretta Preska posited that Title X of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which established the CFPB as an independent bureau within the Federal Reserve System, was unconstitutional.^[1] On appeal, the Second Circuit vacated the district court's judgment and remanded for further proceedings.

Consumer Financial Protection Bureau v. RD Legal Funding LLC
Court	United States District Court for the Southern District of New York
Full case name	Consumer Financial Protection Bureau and the People of the State of New York, by Eric T. Schneiderman, Attorney General for the State of New York, Plaintiffs v. RD Legal Funding, LLC; RD Legal Funding Partners, LP; and Roni Dersovitz, Defendants
Decided	June 21, 2018
Docket nos.	1:17-cv-00890
Citation	332 F. Supp. 3d 729
Court membership
Judge sitting	Loretta A. Preska

References

1. Consumer Financial Protection Bureau v. RD Legal Funding, LLC, 332 F. Supp. 3d 729 (S.D.N.Y. 2018).

External links

• Text of Consumer Financial Protection Bureau v. RD Legal Funding, LLC, 332 F. Supp. 3d 729 (S.D.N.Y. 2018) is available from: Google Scholar S.D.N.Y. (slip opinion)