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The petitioner here, PHH, is a mortgage lender and was the subject of a CFPB enforcement action that resulted in a $109 million order against . In seeking to vacate the orderit , PHH argues that the CFPB’s status as an independent agency headed by a single Director violates Article II of the Constitution.
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The D.C. Circuit’s Ruling. Constitutionality of the CFPB’s Structure. After the D.C. Circuit panel hearing the case raised sua sponte constitutional concerns about the CFPB’s structure, PHH argued that the CFPB’s status as an independent agency headed by a single director violates Article II of the U.S. Constitution.
CFPB’s Constitutionality Affirmed in En Banc DC Circuit Ruling By R. Andrew Arculin, Allyson B. Baker, Jonathan L. Pompan, Gerald S. (Gerry) Sachs, Peter S. Frechette and Sameer P. Sheikh on February 2, 2018. Sitting en banc, the U.S. Court of Appeals for the DC Circuit ruled that the Consumer Financial Protection Bureau’s (CFPB) structure.
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The DC Circuits Big CFPB Ruling carries wide implications heres whats Next. The DC Circuit’s Big CFPB Ruling Carries Wide Implications.. Mogilnicki is quoted by The National Law Journal in an article regarding the significance of a federal appeals court ruling upholding the lawfulness of.
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A federal appeals court has ruled that the "unchecked power" given to the director of the Consumer Financial Protection Bureau is unconstitutional. The U.S. Court of Appeals for the D.C. Circuit.
The DC Circuit’s Big CFPB Ruling Carries Wide Implications. Here’s What’s Next. ALM Media. the D.C. Circuit’s ruling in PHH v. CFPB keeps the status quo-the president can only remove the.