COSTA MESA, Calif., July 31, 2013 (GLOBE NEWSWIRE) -- National media outlets and concerned citizens are taking note of the significant constitutional issues raised in a lawsuit filed against the Consumer Financial Protection Bureau (CFPB) by attorney Kimberly A. Pisinski and her support services provider Morgan Drexen Integrated Systems.
The suit, filed July 22, 2013, in Washington, DC, challenges the constitutional structure of the CFPB, arguing the agency lacks the required checks and balances mandated of a federal organization. The suit also argues that the provisions of the Dodd-Frank Act creating and empowering the CFPB are also unconstitutional. Additionally, Morgan Drexen ( http://morgandrexen.com ) accuses the CFPB of "data mining" sensitive communications protected under Attorney-Client privilege.
Dozens of news agencies from across the country have reported on the lawsuit, which represents the latest challenge to the CFPB's authority. On July 23, the Washington Free Beacon reported:
"The constitutionality of the CFPB and other parts of the Dodd-Frank law are currently being litigated in another lawsuit brought by 11 states, a community bank in Texas, and several policy advocacy groups. Criticisms of the law's legality and effectiveness have continued steadily, with a congressman on Monday declaring the law 'fundamentally unconstitutional' at an event commemorating the bill's enactment into law."
On July 24 , National Mortgage Professional Magazine touched on the potential impact of the lawsuit:
"By asking the court to review the constitutional structure of the CFPB, that will surely establish limits of the government agency. While not the first time the CFPB has faced litigation, after years of Dodd-Frank, it'll be interesting to see what the court determines, in terms of potentially establishing boundaries with the CFPB."
National broadcast networks were also quick to jump on board the story. Attorney Randy K. Miller, who is representing Morgan Drexen and Ms. Pisinski in the lawsuit, appeared on the "Cavuto" show on the Fox Business network July 23. Guest host Charles Payne asked Miller if the CFPB was truly overreaching:
"When they were putting this (the CFPB) together they were saying, 'well the SEC wasn't powerful enough, this agency wasn't powerful enough, that agency wasn't powerful enough, they didn't talk to each other. We need a super powerful agency to go out there to destroy and to protect.' Wasn't that the idea in the first place?"
Miller responded: "That's the idea - and it's an unconstitutional idea. Our system of government is about checks and balances, and it's about limited power."
Appearing later on "Wall Street Journal Live," Miller was asked a similar question by reporter Mary Kissel:
"The CFPB may say, 'Look Dodd Frank created us, we were set up to be unaccountable. That's what Congress intended.'"
Responded Miller: "Our concern is that they, in their quest to make a very independent agency, made this agency a little bit too independent, a little bit too isolated, a little bit too insulated."
Morgan Drexen has set up a website, MorganDrexenvsCFPB.com , where visitors can monitor developments in the case and track ongoing media coverage. The site also includes a section detailing the steps Morgan Drexen takes to protect the constitutional rights of consumers who work with attorneys that use the services of Morgan Drexen.
About Morgan Drexen
Morgan Drexen ( www.morgandrexen.com ) provides businesses across the United States, including law firms that practice debt settlement and bankruptcy, with outsourced professional services. These services are designed to reduce costs and make legal representation affordable for consumers, especially those in serious financial trouble. Morgan Drexen offers attorneys automated platforms for complex document management, client databases, paralegal and paraprofessional services, call centers, client screening, and marketing.
Karen Carlson 800-868-1458 x212 or Andrew Rivera 800-868-1458 x521
