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Joshua Roberts | Reuters
Office of Management and Budget (OMB) Director Mick Mulvaney at the U.S. Consumer Financial Protection Bureau (CFPB) in Washington.
A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, meaning that the agency cannot pursue a lawsuit against a company that advances money to people awaiting settlement payouts.
U.S. District Judge Loretta Preska in Manhattan said the office of the New York Attorney General, which sued New Jersey-based RD Legal Funding LLC alongside the CFPB, can continue to pursue the case.
