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. Currently, the CFPB Director, who reports to the President, can only be removed for cause. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc.,
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