In seven short years, the Consumer Financial Protection Bureau (CFPB) has managed to court controversy across the political spectrum. Under the leadership of former Director Richard Cordray, the bureau (for better or worse) tested the limits of its jurisdiction and enforcement power in a wide range of areas, including the Home Mortgage Disclosure Act and … Continue Reading
We have previously written about some of the overreaches by the Consumer Financial Protection Bureau (CFPB). Last week, the D.C. Circuit Court of Appeals held in PHH Corporation v. CFPB that the structure of the CFPB is unconstitutional. Taking issue with the fact that the CFPB was headed by a single director removable by the President … Continue Reading
