CFPB Structure ‘Unconstitutional,’ Rules Appeals Court

Today, a federal appeals court ruled that the single-director structure of the Consumer Financial Protection Bureau (CPFB) represents an “unconstitutional concentration” of executive power. The U.S. Court of Appeals for the District of Columbia found problem with the inability for other government sectors to admonish—or even review—the Bureau’s actions, with too much power placed at the hands of the CFPB’s director. This long-awaited decision will make waves i