U.S. Court of Appeals Rules Current Structure of CFPB Unconstitutional

U.S. Court of Appeals Rules Current Structure of CFPB Unconstitutional

Oct 11, 2016

Client Alert

Brownstein Client Alert, October 11, 2016

The Consumer Financial Protection Bureau’s (CFPB) reign as an unchecked power just suffered a significant check. On Oct. 11, 2016, the U.S. Court of Appeals for the District of Columbia found that the CFPB’s structure was unconstitutional because too much power is vested with its sole director. While the CFPB can continue to operate, it must do so under the president’s supervision.

To read the full alert, please click the PDF above. 

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