SCOTUS Rules CFPB’s Leadership Structure Is Unconstitutional
By EsqSocial Corporation 01/07/20
By a five to four vote, the U.S. Supreme Court ruled this morning in Seila Law that the CFPB’s single-director-removable-for-cause leadership structure violates the separation of powers in the U.S. Constitution. Seven of the justices agreed that the provision in Title X of the Dodd-Frank Act that gives the Director for-cause removal protection can be severed, thereby leaving the remainder of Title X in place....<BR />By: <a href="https://www.jdsupra.com/profile/Ballard_Spahr/">Ballard Spahr LLP</a>