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Expert Analysis

Chevron's End Puts Target On CFPB's Aggressive BNPL Rule

By Scott Pearson and Bryan Schneider ( July 23, 2024, 1:48 PM EDT) -- On June 28 in Loper Bright Enterprises v. Raimondo, the U.S. Supreme Court overruled Chevron v. Natural Resources Defense Council, which required courts to defer to so-called permissible interpretations of statutes by the agencies that administer them. The decision will make it much harder for the Consumer Financial Protection Bureau to defend its aggressive use of interpretive rules and guidance to make new law....

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