Court Orders CFPB to Restructure – Gives President Power to Fire Director

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.”

###

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

This entry was posted in Mortgage, Real Estate and tagged on by .

About Jeff Sorg

Jeff Sorg is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.