· now, the dc circuit court did not void dodd frank as unconstitutional, but merely rewrote the statute to make it constiutional, in effect, by making the cfpb director removable at will by potus. the court believed it was authorized to do this because there is a severability clause in the statute. however, there is no severability clause in HERA.
Read more: The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next DC Circuit Won’t Upend CFPB’s Single-Director power structure california judge Blisters CFPB, Rejects $235M.
Today, the U.S. Court of Appeals for the District of Columbia, sitting en banc, issued its decision in PHH Corporation, et al. v. Consumer Financial Protection Bureau, on whether the provision in the Dodd-Frank Act that the director of the CFPB cannot be removed by the President for any reason other than "inefficiency, neglect of duty, or malfeasance" is consistent with Article II of the.
Implications of the DC Circuit Court’s Ruling in PHH v. CFPB. This linkage by the prudential bank regulators of consumer protection issues to safety and soundness considerations may prove more sheltered from judicial review than the CFPB’s single enforcement focus on consumer protection.
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The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next The decision Wednesday upholding the agency’s power structure won’t be the last word.
Consumer Reports is an independent nonprofit organization that works for a fair, safe and transparent marketplace. Since we were founded as Consumers Union in.
Local Residents React To Stunning Trump Victory. The Next Chapter Here is what to expect, Reagan’s successor, George H.W. Bush, would carry out this mandate during his presidency.
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· Cook County Goes to Trial Gun advocates in states that still have assault weapons bans have been wondering when some brave soul will sue to overturn those laws. Under the landmark DC vs. Heller case, the Second Amendment was interpreted as protecting an individual right to keep and bear arms in common use, subject to reasonable restrictions.