McGuireWoods senior counsel
Joseph Reilly was quoted in recent articles covering Seila Law LLC v. CFPB, the
U.S. Supreme Court case challenging the constitutionality of the Consumer
Financial Protection Bureau's structure.
March 5, 2020, Inside Mortgage Finance article, Reilly said the most likely ruling in Seila Law would be a
narrow fix of the CFPB’s structure, as laid out in Justice Brett
Kavanaugh’s past opinion when he sat on the U.S. Court of Appeals for the
March 4, 2020, Law360 article, Reilly discussed Chief Justice John Roberts Jr.’s questioning of the
CFPB's self-funding mechanism. The article quoted Reilly as observing,
“With the four liberal justices signaling eagerness to uphold the agency's
structure and their four conservative counterparts expected to go the other
way” on the constitutionality of the provision for presidential removal of
the CFPB director, “the chief justice could be trying to chart a narrow
middle path” by relying on how the agency is funded. “He is searching for a
distinguishing feature in this case beyond the 'categorical' distinction
advocated by the parties,” Reilly said.
Reilly also was
quoted by Law360 on Oct. 28, 2019, about this case when the Supreme Court decided to hear the appeal.