Antitrust Antitrust

Consumer Financial Protection Bureau's structure struck down by US Supreme Court

By Claude Marx
  • 29 Jun 2020 12:57
  • 29 Jun 2020 12:57
The structure of the Consumer Financial Protection Bureau, with a single director removable only for inefficiency, neglect or malfeasance, violates the separation of powers spelled out in the Constitution, a divided US Supreme Court ruled today.

The bureau “lacks a foundation in historical practice and clashes with constitutional structure by concentrating

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