Court finds Consumer Financial Protection Bureau Structure Unconstitutional

Court finds Consumer Financial Protection Bureau Structure Unconstitutional

Earlier this week, the U.S. Court of Appeals for the District of Columbia ruled the structure of the Consumer Financial Protection Bureau to be unconstitutional. The court’s decision gives the president more control over the bureau and its director. For conservative members of Congress, it is a victory against an agency that has been criticized for exercising too much authority. Since the ruling, Republican legislators have proposed legislation that would replace the director of the agency with a five-person board.

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