Govt. Wants Rehearing In Case Challenging CFPB Structure

By Evan Weinberger (December 23, 2016, 12:14 PM EST) -- The U.S. government on Thursday said that a D.C. Circuit panel wrongly determined that the Consumer Financial Protection Bureau's single-director leadership structure was unconstitutional and pushed for a review of the case by the circuit's full panel of judges.

A brief from the U.S. Department of Justice said that a divided panel of judges from the D.C. Circuit was incorrect in determining that the presence of a single director atop the CFPB who can only be fired for cause by the president was a violation of the Constitution's separation of powers, but kept the rest of the statute that created the...

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