CFPB predicts DC circuit ruling won’t survive challenge

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A lawsuit in North Dakota federal district court could provide an early test of the reach of a federal appeals court decision that confronted what the judges called the “massive, unchecked power” of the Consumer Financial Protection Bureau.In June, the CFPB sued payment processor Intercept Corp., alleging the company and two of its executives allowed clients to make unauthorized and illegal withdrawals from consumers’ accounts. The CFPB’s complaint in U.S. District Court for North Dakota alleged Intercept ignored red flags—such as warnings from banks and complaints from consumers—and “knew or consciously avoided knowing that many of the transactions initiated by those companies were fraudulent or illegal.”Lawyers for Intercept seized on a Washington federal appeals court ruling last week that struck down as unconstitutional the structure of the CFPB. A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit ruled that too much power was vested in the CFPB’s director, Richard Cordray, whom Judge Brett Kavanaugh described as “the single most powerful official in the entire U.S. government, other than the president.” continue reading »last_img read more

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Istria achieved a historically record June

first_imgThe Tourist Board of the Istrian County is especially proud to announce that Istria will realize more than 4 million overnight stays for the first time in June. Last year, Istria realized 3 million overnight stays in June, so that this year’s result in June will be almost 37 percent stronger, which in concrete figures means more than a million overnight stays for the month of June alone.With such figures before and after the season they look much better and after many years of systematic work, excellent cooperation between the private and public sector, joint work of all stakeholders in preparing the tourist season and constantly improving the living conditions of our guests, we obviously return the effort. – point out from the Tourist Board of the Istrian CountyIstria thus proves that it is a well-organized and organized tourist destination, and a large role in the whole story is played by the private sector which has designed a very high quality offer with the affected price and invested significantly in raising the quality of accommodation and organizing large TOP events such as: Swatch Beach Volleyball Major Series, Open Air Festival, Beach Polo in Rovinj, Sea Star Festival in Umag, Rise Up Festival in Porec and many others that in the pre- and post-season become a motive for the arrival of many guests and generate quality content in tourist destinations.last_img read more

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