The Consumer Financial Protection Bureau isn't exactly riding high right now. A federal appeals court struck down the constitutionality of the agency's single-director structure. Republicans in Congress want to fundamentally revamp the agency. And the incoming Trump administration isn't expected to openly greet Richard Cordray, the CFPB director. Here's one more headache: a Washington appeals court will in the coming months decide just how far the agency's investigative power reaches.
December 05, 2016 at 06:02 PM
1 minute read
The Consumer Financial Protection Bureau isn’t exactly riding high right now.
A federal appeals court in October struck down the constitutionality of the agency’s single-director structure, saying the bureau’s sole leadership held “massive, unchecked power.”
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