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.
