“the court said the independent agency’s structure is unconstitutional because the director has wide-ranging power with little oversight”
Conservatives win big in landmark ruling against Consumer Finance Protection Bureau
“An appellate court today called the Consumer Financial Protection Bureau constitutionally flawed … boosting congressional efforts to rein in the powerful agency”
“The opinion is a blow for an agency already on its heels.”
Consumer Financial Protection Bureau structure ruled unconstitutional
“Tuesday's court ruling cited ‘consistent historical practice’ under which independent federal agencies such as the Securities and Exchange Commission have been headed by multiple commissioners or board members that serve as internal checks on authority.”
Dodd-Frank Watchdog's Structure Deemed Unconstitutional
"Properly designed and led, it is capable of great good. But the bureau's bizarre and defective structure allows it to evade the time-tested checks and balances that are necessary to hold it or any other government bureaucracy accountable," Hensarling said.
Court Rules Consumer Financial Protection Bureau’s Structure is Unconstitutional
“Consumer Financial Protection Bureau must now face a new challenge – more oversight”
Court Gives President More Power Over Consumer Agency Chief
“The appeals court panel, citing ‘the threat to individual liberty’ posed by an independent agency with a leader with such unchecked power, struck down that structure.”
Lights Out for the Second-Most-Powerful Man
in D.C.
Courts says Consumer Financial Protection Bureau is unconstitutional
“This is a good day for democracy, economic freedom, due process and the Constitution,” Rep. Jeb Hensarling (R-Texas), chairman of the House Financial Services Committee, said in a statement.
Federal appeals court rules the structure of CFPB is unconstitutional
“not in line with other independent agencies, which are typically run by a group of commissioners”
CFPB structure ruled unconstitutional
“an epic smackdown”
Court rules consumer bureau's structure unconstitutional
“The director…has ‘more unilateral authority – that is, authority to take action on one’s own, subject to no check – than any single commissioner or board member in any other independent agency in the U.S. government.”
U.S. court rules CFPB structure unconstitutional, bureau can still operate
“Republicans objected to a clause in the law that the director could only be fired ‘for cause’”
The Oct. 11 ruling railed against the agency’s ‘single, unaccountable, unchecked Director’ as a ‘threat to individual liberty’
The CFPB Meets the Constitution
“This is likely only the beginning of transformation at the CFPB, which has drawn ire for its rapidly expanding reach and history of unintended consequences. Ultimately, it must be transformed into a fair and effective regulator”
Court Blasts CFPB, Says Director Has Too Much Power
“The decision marks a victory for CFPB critics who have protested the powers granted to the director’s position”
Court: Consumer bureau’s structure is unconstitutional
“Republicans have fought for years to overhaul the agency, making a nearly identical argument to the one used in the D.C. Circuit ruling”
“the court said the independent agency’s structure is unconstitutional because the director has wide-ranging power with little oversight”
Court Ruling Reins in Unaccountable Financial Regulation Agency
“In defense of liberty, the court majority concluded that the concentration of enormous power in a single, unaccountable, unchecked director ‘not only departs from settled historical practice, but also poses a far greater risk of arbitrary decision-making and abuse of power, and a far greater threat to individual liberty, than does a multimember independent agency.’”
Elizabeth Warren’s legacy takes a hit
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