An appeals court ruling last week on the Consumer Financial Protection Bureau’s funding structure is already threatening the agency’s ability to enforce its rules.
One day after the U.S. Court of Appeals for the Fifth Circuit found the CFPB’s funding structure to be unconstitutional, TransUnion used the decision to bolster its request for a dismissal of charges leveled by the bureau.
Kyle Campbell covers the Federal Reserve and housing policy for American Banker. Previously, he wrote about institutional investment in real estate for PERE. He has also held staff positions at Real … Read full bio
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A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.
The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
The Consumer Financial Protection Bureau said it will stop publishing consumer complaint narratives, citing concern that the information is one-sided.
President Trump's nominee to lead the Consumer Financial Protection Bureau disclosed that he's been paid by numerous financial firms regulated by the agency he is expected to lead.
