Fannie Mae-No Politics (FNMA)

[clarencebeaks21]

Yes it’s helpful that the requests for review are from both red and blue states. I don’t think there is much doubt SCOTUS must hear CFPB v CFSA.

If SCOTUS declines, then IMHO:

(1) CFPB could still ask for a Fifth Circuit all-hands appeal ( ‘en banc’). But that will be a losing effort and CFPB obviously knows it: I see only 7 of 19 CFPB-friendly judges (probably the main reason for the unusual leap from ‘panel’ straight to a USSC Writ of Cert).

(2) Every CFPB action in TX, Mississippi and Louisiana becomes subject to individual case challenges with merit. Death by a thousand cuts would commence, so CFPB instead might need to consider at least “staying” all its actions for an indeterminate time in those 3 states. And good riddance to bad rubbish.