U.S. Court Rules CFPB Structure Unconstitutional; Bureau Can Still Operate

(Before It's News)

U.S. Court Rules CFPB Structure Unconstitutional; Bureau Can Still Operate A federal appeals court on Tuesday declared the U.S. Consumer Financial Protection Bureau’s structure unconstitutional because too much power is vested with its sole director, but said it can continue operating under the president’s supervision. The U.S. Court of Appeals for the District of Columbia … Read more

• Consumer Finance Bureau Suffers Setback as PHH Wins Ruling
• Fannie Mae Announces Pilot Sale of Reperforming Loans
• Lawsuit Says Nationstar, Bank of America Overcharged Homeowners Putting Them at Risk of Foreclosure
• The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation into Wells Fargo “Cross-Selling” Efforts for Violations of Securities Industry Regulations
• Sheriff Candidate Who’s Home is in Foreclosure Vows to “Protect people’s property rights and investigate crimes of fraud and theft”
• Wells Fargo Manager Admits Fake Account Creation As Far Back As 2006
• What the Wells Fargo Scandal Means for Mortgage Borrowers
• Seattle leaders break ties with Wells Fargo after ‘reprehensible’ practices
• WATCH: SNL and The Wells Fargo Wagon
• NPR Planet Money Episode 728: The Wells Fargo Hustle