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Court rules Consumer Financial Protection Bureau’s structure is unconstitutional

A U.S. appeals court on Tuesday ruled that the U.S. Consumer Financial Protection Bureau is unconstitutional because too much power is vested in the regulator’s sole director, but that it can continue operating with the director removable by the president. The U.S. Court of Appeals for the District...
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Business & Finance : LA Times: Business

A federal appeals court has ruled that the structure of a U.S. consumer watchdog agency is unconstitutional because it gives too much power to a single agency director. The ruling issued Tuesday said the way the Consumer Financial P...

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