Trump administration calls the structure of the Consumer Financial Protection Bureau unconstitutional in filing

[McFurd]

Washington Post - 3/17/2017 - Jonnelle Marte - The Justice Department will not support the Consumer Financial Protection Bureau in a monumental court battle over whether the structure of the federal watchdog is unconstitutional, according to court documents filed Friday. The department also argued that the president should be able to remove the director of the independent agency at will, a shift that consumer advocates say could threaten the independent nature of the CFPB. Under the Dodd-Frank Act that created the agency, the director can be removed only for cause — setting a high bar for a president who wants to put new leadership in place. That approach was called into question last fall when the U.S. Court of Appeals for the District of Columbia Circuit ruled in support of PHH, a mortgage lender suing the CFPB to challenge an enforcement action. Read more @ https://www.washingtonpost.com/news/get ... 4b833b1aac