Federal appeals court rules Congress upended separation of powers
in creating CFPB
A federal appeals court on
Wednesday delivered a blow to the Consumer Financial Protection Bureau, ruling
Congress ran afoul of the Constitution when it delegated its financial
authority to an executive agency. The CFPB gets funding directly from the
Federal Reserve, not through Congress’ appropriations, which runs afoul of the
separation of powers, a…
No comments:
Post a Comment