Florida District Court Upholds CFPB’s Residential PACE Rule

On February 12, the U.S. District Court for the Middle District of Florida upheld the CFPB’s final rule applying mortgage-style requirements to Residential Property Assessed Clean Energy (PACE) financing, rejecting a trade association’s challenge under the Administrative Procedure Act and the Tenth Amendment.... By: Sheppard Mullin Richter & Hampton LLP