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.

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.

MBA, Trade Groups File Amici Brief on Constitutionality of CFPB Structure

The Mortgage Bankers Association, the National Association of Realtors and the National Association of Home Builders this week filed a neutral amici brief with the U.S. Supreme Court in a case that could determine the future structure of the Consumer Financial Protection Bureau.