As discussed in part one of this blog post, the U.S. Court of Appeals for the District of Columbia recently delivered what is perhaps the biggest setback to the Consumer Financial Protection Bureau (CFPB) to date. To review, the court essentially held the structure and independence of the Bureau to be unconstitutional in an opinion…
Author: Brian Koziara
The CFPB and the DC Court of Appeals: A Rebuke and Question of Constitutionality
On October 11, the U.S. Court of Appeals for the District of Columbia delivered what is perhaps the biggest setback to the Consumer Financial Protection Bureau (CFPB) to date. The court held the structure and independence of the federal government’s relatively new consumer financial monitor to be unconstitutional in an opinion rebuking the CFPB for…