Appeals Court questions constitutionality of CFPB, attacks Director Cordray

From: HousingWire

D.C. Circuit ‘hostile’ towards the CFPB

Brena Swanson

The opening rounds started in the legal battle between PHH and the Consumer Financial Protection Bureau as the U.S. Court of Appeals for the District of Columbia Circuit heard oral arguments on Tuesday.

According to an article in The Wall Street Journal by Yuka Hayashi:

A federal appeals court panel wrestled Tuesday with the question of the Consumer Financial Protection Bureau’s authority, with one judge persistently asking about the constitutionality of the watchdog agency’s structure, saying it concentrates “huge power” in its top official.

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