A divided Supreme Court on Monday ruled the current structure of the Consumer Financial Protection Bureau, with power resting with a single director, is unconstitutional, but stopped short of allowing the Trump Administration to dismantle the agency.
Tag: Richard Cordray
![](https://newslink.mba.org/wp-content/uploads/2020/06/CFPBBuilding.jpg?w=465&h=310&crop=1)
Supreme Court Rules Independent CFPB Director Unconstitutional
A divided Supreme Court on Monday ruled the current structure of the Consumer Financial Protection Bureau, with power resting with a single director, is unconstitutional, but stopped short of allowing the Trump Administration to dismantle the agency.