Supreme Court Decides Collins v. Yellen
By EsqSocial Corporation 24/06/21
On June 23, 2021, the U.S. Supreme Court decided Collins v. Yellin, holding that: (1) shareholders could not bring a claim that the Federal Housing and Finance Agency (FHFA) violated the Housing and Economic Recovery Act of 2008 (“Recovery Act”) in its conservatorship of Fannie Mae and Freddie Mac, but (2) the FHFA’s agency leadership structure, which limits the President’s authority to remove the Director was unconstitutional because it violated the separation of powers....
By: Faegre Drinker Biddle & Reath LLP