In a 5-4 Supreme Court decision, (Seila Law v. CFPB), it was ruled that restrictions on the President’s authority to an Executive Branch agency are unconstitutional. This paves the way for broad Presidential authority to remove a standing Director of the Consumer Financial Protection Bureau. While granting the White House sole discretion for the termination of it’s director, they rejected arguments for it’s closure.
Supreme Court Nullifies CFPB Autonomy
More Stories
Stupid Stuff Fraudsters Buy: The $250 Million Pool Shark
Ally Keeps Growing as Auto Loan Delinquencies and Losses Edge Higher
When a Car Is Obtained Through Fraud, Is It Counted as Stolen?
Credit Union Employee Accused of Stealing from the Dead
Credit Union Promoted Employee Despite Fraud Warnings — Then Collapsed Under $3.5 Million in Losses
The New Normal? Auto Loan Delinquencies May Have Found Their Floor