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Courts says Consumer Financial Protection Bureau is unconstitutional

A U.S. consumer watchdog agency that helped unravel the Wells Fargo & Co. scandal has an unconstitutional structure because it gives too much power to its director, a federal appeals court ruled Tuesday. The court said the way that the Consumer Financial Protection Bureau is organized violates...
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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 »

Court rules Consumer Financial Protection Bureau’s structure is unconstitutional

News : The Raw Story

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 rem...

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...

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