In a newly filed brief with the Supreme Court, the Justice Department claims the Consumer Financial Protection Board's structure is unlawful.
Consumer Financial Protection Bureau
The Minnesota Representative took CFPB Director Mike Mulvaney to task for 'frosted' glass office.
The D.C. Circuit says the structure of the Consumer Financial Protection Bureau is OK.
Liberals and progressives might soon find themselves agreeing with libertarian critiques of the CFPB's unaccountable structure and powerful director.
The legal squabble is really a proxy battle over whether the agency will be subject to meaningful political oversight.
Responses to top-down federal dictates are hard to predict.
Nevertheless It Persists: The Consumer Financial Protection Bureau Fights Trump, Congress, and Federal Courts in Effort to Remain Unaccountable to Anyone
The CFPB is fighting a three-front war against Congress, the Trump administration, and in the courts to maintain its unaccountable status.
And the potential for Trump to abuse the power of the Consumer Financial Protection Bureau is huuge.
Tuesday's federal court ruling won't stop the Consumer Financial Protection Bureau from acting, but will give the president more control over its activities.
Why overregulation of payday lenders is a bad idea
A program meant to stamp out fraud has put a stranglehold on legitimate industries.
Policymakers should get out of the way and let entrepreneurs offer financial services that fit the needs of low-income Americans.
Well ... Of course it does
They'd rather work in the private sector
Debt settlement company indicted
Information they receive subject to FOIA requests
To protect lenders and borrowers, the agency says. Curbing intervention in the housing market would do that better