Repo Buzz

Collateral Recovery Repossession News And Directory

Supreme Court Rules CFPB Structure is Unconstitutional

Washington — The Supreme Court ruled Monday the structure of the Consumer Financial Protection Bureau (CFPB), a consumer watchdog that was the brainchild of Democratic Senator Elizabeth Warren, is unconstitutional, but stopped short of dismantling the agency.

Writing for the majority, Chief Justice John Roberts wrote “the structure of the CFPB violates the separation of powers.”

“The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” Roberts wrote for the 5-4 court.

Read The Ruling Below

Seila-Law-LLC-v-Consumer-Financial-Protection-Bureau
error: Content is protected !!