Appeals court rules consumer bureau’s structure is constitutional

Appeals court rules consumer bureau’s structure is constitutional     The Hill Sylvan Lane January 31, 2018 Language in the Dodd-Frank Act that gives the Consumer Financial Protection Bureau’s (CFPB) independence from Congress is constitutional, the U.S. Court of Appeals for the District of Columbia Circuit ruled Wednesday, overturning a 2016 ruling by three of the court’s judges. In a review of the court’s previous decision, PHH v. CFPB, the full court held that the bureau can exist as an independent agency with a sole director who can only be fired by the president for “inefficiency, neglect of duty, or … Continue reading