Roberts May Have Tipped Hand With Focus On CFPB Funding
By Jon Hill (March 4, 2020, 10:38 PM EST) -- The U.S. Supreme Court case challenging the constitutionality of the Consumer Financial Protection Bureau's structure has so far focused on the for-cause removal restriction shielding the agency's director, so why does Chief Justice John Roberts have another controversial design feature of the agency on the brain?
During oral arguments in Seila Law LLC v. CFPB, the chief justice set himself apart as the only member of the high court to draw attention to the CFPB's ability to fund its operations from the Federal Reserve rather than having to go to Congress for appropriations.
This self-funding mechanism helps give the CFPB its...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!