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Court Orders Presidential Accountability Over `Unaccountable' CFPB Chief

The CFPB's single-director structure is found unconstitutional, but the remedy is not going to change the agency much.
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Yes, Your Honor, the CFPB Is Indeed Unconstitutional

Academics / Political Science : Cato @ Liberty

I wrote only yesterday about the Consumer Financial Protection Bureau’s (CFPB’s) regulatory overreach with regard to payday loans, and it seems the D.C. Circuit Court was on the same wavelength.  Judge Brett Kavanaugh, writing for t...

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 »

Federal Court Rules Consumer Watchdog's Structure Is Unconstitutional

News : The Two-Way

An independent federal agency should not be run by a single person, the court found. It decided to remedy the situation by giving the president the authority to fire the agency head at will.

Consumer Financial Protection Bureau's setup is unconstitutional, court rules

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...

CFPB Looks Here to Stay: What Does the Future Hold?

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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