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BREAKING: Federal Appeals Court Finds Structure of CFPB Unconstitutional. The decision by the U.S…

BREAKING: Federal Appeals Court Finds Structure of CFPB Unconstitutional. The decision by the U.S. Court of Appeals for the District of Columbia Circuit said the consumer-finance watchdog violated the Constitution’s separation of powers because its director isn’t sufficiently answerable to the president. It rejected the idea of shutting down the CFPB, and instead said the […]
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CFPB Survives Legal Attack as Court Trims Director's Power

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The Consumer Financial Protection Bureau survived a constitutional challenge and will remain in business, though a federal appeals court took away power from its director and tossed out a $109 million penalty against a mortgage comp...

Appeals court: Consumer watchdog structure unconstitutional

Politics / US Politics : Washington Watch

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 … Click to Continue »

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US Politics / Liberal : ThinkProgress: Election

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US Politics / Conservative : NRO: The Corner

In a rare victory for the Constitution and American political tradition, the US Court of Appeals from the DC Circuit today found that the Consumer Financial Protection Bureau was “structurally unconstitutional.” The offending struct...

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Business & Finance / Economics : Naked Capitalism

A decision by the D.C. Circuit Court of Appeals overturning the CFPB director structure allows the agency to pursue its ongoing policy and enforcement agenda. With separate new regulations on payday lending and mandatory arbitration...

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