Supreme Court Urged Court to Maintain Structural Element of CFPB
A collective group of state attorneys general issued an amicus brief requesting the Supreme Court reject Seila Law LLC's argument that Title X of the Consumer Financial Protection Act should be discarded based on the alleged unconstitutionality of a provision that the president may only fire the agency's head for cause. Read More
Supreme Court Rules CFPB Director Can Be Removed At-Will
A limitation of the Dodd-Frank Act preventing the President of the United States from removing the Director of the CFPB for reasons beyond "inefficiency, neglect of duty or malfeasance" was rejected by the Court, contending the stipulation created a level of unconstitutional insulation for the position. Read More