June 18, 2020

Wolf Popper LLP Is Pro Bono Counsel in Lawsuit Against Consumer Financial Protection Bureau and Its Director Challenging Unlawful Taskforce

Wolf Popper is Massachusetts counsel representing the National Association of Consumer Advocates, U.S. Public Interest Research Group, and consumer law expert Professor Kathleen Engel in a suit against the Consumer Financial Protection Bureau and its Director, Kathleen L. Kraninger, for unlawfully creating and operating the Taskforce on Federal Consumer Financial Law in violation of the Federal Advisory Committee Act.  The Taskforce will recommend changes to laws and regulations that will affect consumers.  The suit claims that the Taskforce is stacked with financial industry-aligned members, excludes consumer advocates, does not serve a public interest, and has conducted its work behind closed doors – all in violation of federal law.  A press release by Democracy Forward Foundation, which is lead counsel on the case, is here https://democracyforward.org/press/consumer-advocates-sue-cfpb-for-granting-financial-services-industry-illegal-influence-over-consumer-protection-policy/.  A copy of the complaint and exhibits is here.