A law firm sued by the U.S. Consumer Financial Protection Bureau over its treatment of struggling homeowners may be the first to contest the validity of Richard Cordray’s status as the agency’s director after a federal court’s ruling on presidential appointees.
Gary Kurtz, a lawyer representing the Gordon Law Firm of Los Angeles, said he sent a letter to the bureau Jan. 29 asking for a negotiated settlement of the six-month-old case in light of a federal court ruling that invalidated so-called recess appointments similar to Cordray’s.
