Top Dem Lawmakers Seek To Back CFPB In Leadership Case

Law360, New York (January 26, 2017, 1:21 PM EST) -- Two top Democratic lawmakers on Thursday asked to intervene in litigation challenging the constitutionality of the Consumer Financial Protection Bureau’s structure, arguing that the Trump administration was unlikely to provide the vigorous defense that the bureau deserves.

Rep. Maxine Waters of California, the ranking Democrat on the House Financial Services Committee, and Sen. Sherrod Brown of Ohio, the ranking Democrat on the Senate Banking Committee, said in a filing in the D.C. Circuit that rumors that the Trump administration was preparing to fire CFPB Director Richard Cordray and a belief that the Trump administration would not allow the bureau to take...

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