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Oct. 15, 2016
Checks and balances vs. the CFPB
The D.C. Circuit's recent ruling, finding part of the Consumer Financial Protection Bureau's structure was a violation of the separation of powers, was limited but important. By Brian T. Hodges and Tony Francois
Earlier this week, the U.S Court of Appeals for the D.C. Circuit struck down as unconstitutional a key provision of the highly partisan and controversial 2010 Dodd-Frank Act - legislation that was intended to overhaul the United States financial regulatory system. At issue was a provision designed to insulate the newly minted Consumer Financial Protection Bureau (CFPB) from political changes. To that end, the...
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