CFPB structure ruled “unconstitutional” but can continue to operate
By Jeff Sorg, OnlineEd Blog
(October 11, 2016) – A U.S. Court of Appeals for the District of Columbia ruling orders a restructuring of the CFPB that allows for giving the president the power to supervise the CFPB’s director and remove him from that position at will.
The ruling declared the way the CFPB is structured to be unconstitutional because it gives too much power to one individual, its director.
U.S. Circuit Judge Brett Kavanaugh wrote that the way the CFPB is structured “poses a far greater risk of arbitrary decision making and abuse of power, and a far greater threat to individual liberty, than does a multi-member independent agency.”
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