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Say more about how the CFPB was illegal? It was created by an act of Congress.
by llamaimperative 2y ago
Say more about how the CFPB was illegal? It was created by an act of Congress.
- nickff 2y agoThere are/were a number of issues with its structure, some of which are described in the lawsuits mentioned on its Wikipedia page: https://en.m.wikipedia.org/wiki/Consumer_Financial_Protection_Bureau https://en.m.wikipedia.org/wiki/Consumer_Financial_Protectio...
- llamaimperative 2y agoIts constitutionality was literally upheld in SCOTUS So no, not really. You have a list of complaints from the regulated parties.
- nickff 2y agoThat’s one of the decisions; on the other hand, the director was made removable at will (by the courts, in response to a challenge, and contrary to the original statute), and there have been other proposed challenges. This change has proved consequential.