The CFPB Found Unconstitutional…But …
PYMNTS
OCTOBER 12, 2016
The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. Bank of America, JP Morgan Chase, Citibank, Wells Fargo and Synchrony Financial. This decision was taken as part of mortgage lender’s PHH Corp.
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