Opinion CFPB Funding Is Ruled Unconstitutional HEAD TOPICS
Opinion CFPB Funding Is Ruled Unconstitutional
10/22/2022 2:10:00 AM The Fifth Circuit says the scheme violates the separation of powers
Regulation Government Policy Corporate Industrial News
Source The Wall Street Journal
From WSJopinion: Sen. Elizabeth Warren’s attempt to end-run political accountability for financial regulators has suffered a direct hit The Fifth Circuit says the scheme violates the separation of powers ByThe Editorial BoardUpdated Oct. 20, 2022 10:14 pm ETThe originalist legal revolution continues to pay dividends, and the latest evidence is a bombshell appellate ruling on Wednesday that the Consumer Financial Protection Bureau’s (CFPB) funding scheme is unconstitutional. Congress’s attempt to end-run political accountability for financial regulators has suffered a direct hit. In 2010, before she was a Senator, Elizabeth Warren designed the CFPB to have extraordinary independence, and it passed as part of Dodd-Frank. In 2020 the Supreme Court struck down the law’s limit on the President’s ability to remove the CFPB director. But Democrats also severed its budget from Congressional appropriations by giving it an automatic funding draw on the Federal Reserve. Read more:
The Wall Street Journal » 'Lawless and Reckless': Warren Condemns Fifth Circuit Attack on CFPB Cumberland County housing development to enter fifth and final phase Padres score five runs in fifth against Phillies to tie NLCS Chicago police say a fifth person was robbed at gunpoint in Wrigleyville over the weekend Starbucks is helping to cover the cost of fertility treatment for part-time employees
Thousands of women are picking up part-time jobs at Starbucks to expand their families. Here's how the coffee giant is changing the lives of struggling couples. Read more >> opinion I thought she had native privileges 🤷 opinion The irony of their name given their method of funding...........................protecting you by exploiting you................... opinion WSJ opinion is desperate if they're acting like that absurd 5th Circuit opinion wasn't pure partisanship. It was legally incoherent. 'Lawless and Reckless': Warren Condemns Fifth Circuit Attack on CFPB\u0022Extreme right-wing judges are throwing into question every rule the CFPB enforces to protect consumers and businesses alike,\u0022 said Sen. Elizabeth Warren. Cumberland County housing development to enter fifth and final phaseWhen the development is completed it will have more than 130 homes. Padres score five runs in fifth against Phillies to tie NLCSThe Phillies were close to taking a commanding 2-0 lead back home to Philadelphia. But the Padres' bats came alive to tie the NLCS at one game apiece. Chicago police say a fifth person was robbed at gunpoint in Wrigleyville over the weekendIn each of the attacks, two to three robbers have come up to the victims from behind, taken out a handgun, and forced them into a waiting car. New York Blood Center declares fifth blood emergency of 2022DONORS NEEDED: The New York Blood Center has declared its fifth bloodemergency of the year - newyork what do I get in return? Serious question... Palaces burn, and the end begins, in the trailer for The Crown's fifth seasonImelda Staunton takes over as the Queen, but Diana and Charles are front and center Sorry, spoiler, but we know she dies in 2022 With Liz Truss's resignation as Prime Minister, Britain's Tories show they have failed to learn from their economic failures."Extreme right-wing judges are throwing into question every rule the CFPB enforces to protect consumers and businesses alike," said Sen.A housing development in the Carlisle area has plans to enter its fifth and final phase.Fox News Flash top headlines are here. Images: Reuters/EPA/Shutterstock Composite: Mark Kelly By The Editorial Board Updated Oct. 20, 2022 10:14 pm ET The originalist legal revolution continues to pay dividends, and the latest evidence is a bombshell appellate ruling on Wednesday that the Consumer Financial Protection Bureau’s (CFPB) funding scheme is unconstitutional. Jake Johnson October 20, 2022 The conservative-dominated Fifth Circuit Court of Appeals ruled Wednesday that the Consumer Financial Protection Bureau's funding structure is unconstitutional, a decision that Sen. Congress’s attempt to end-run political accountability for financial regulators has suffered a direct hit. Construction is likely to begin next year. In 2010, before she was a Senator, Elizabeth Warren designed the CFPB to have extraordinary independence, and it passed as part of Dodd-Frank." "The CFPB has returned billions of dollars to Americans by doing its job, and its funding is clearly constitutional," Warren (D-Mass. In 2020 the Supreme Court struck down the law’s limit on the President’s ability to remove the CFPB director. Aaron Nola allowed back-to-back homers to Brandon Drury and Josh Bell in the second inning, the first runs Nola allowed all postseason. But Democrats also severed its budget from Congressional appropriations by giving it an automatic funding draw on the Federal Reserve."Extreme right-wing judges are throwing into question every rule the CFPB enforces to protect consumers and businesses alike. Continue reading your article with a WSJ membership .