Post Profile






Court upholds constitutionality of Consumer Financial Protection Bureau

A federal appeals court has upheld the constitutionality of the Consumer Financial Protection Bureau's structure, a decision that preserves the agency's independence in the face of challenges from business interests and conservatives. The D.C. Circuit Court of Appeals ruled 7-3 on Wednesday that a provision in the 2010 Dodd-Frank law that limits the president's ability to remove the CFPB director during his or her five-year term does not violate the president's authority to appoint and remove executive branch officers.
read more

share

Related Posts


Court Gives President More Power Over Consumer Agency Chief

Business & Finance : DealBook

An appeals court panel said the director of Consumer Financial Protection Bureau was too independent, so it gave the president the power to fire him at will.

Consumer Agency Urges Court to Toss Suit Against It

Industries / Law : The Blog of LegalTimes

The Consumer Financial Protection Bureau this week struck back against a company that's challenging the constitutionality of the agency's structure, arguing in court papers that the plaintiffs "utterly fail to show that the Bureau's...

Unknown Company Trying To Avoid CFPB's Grasp, Cites Recent D.C. Decision

Business & Finance / Personal Finance : Forbes: Personal Finance

A structured settlement company is suing the Consumer Financial Protection Bureau, arguing it should not face enforcement action by the bureau given that a federal appeals court has found the agency is unconstitutionally structured.

Consumer Financial Protection Bureau chief scores reprieve in quest to keep job

Business & Finance : LA Times: Business

Consumer Financial Protection Bureau chief Richard Cordray won a reprieve Thursday in his effort to keep his job and retain his agency’s independence. A federal appeals court said it would reconsider its earlier ruling that would ha...

Consumer Financial Protection Bureau's structure is constitutional, appeals court rules in a blow to agency's opponents

Business & Finance : LA Times: Business

A federal appeals court ruled Wednesday that the Consumer Financial Protection Bureau’s structure is constitutional in a blow to opponents of the independent watchdog agency created in the aftermath of the financial crisis. Congress...

Comments


Copyright © 2016 Regator, LLC