A new ruling from the Fifth Circuit Court of Appeals could be setting up the first circuit split on the constitutionality of the structure of the Consumer Financial Protection Bureau (CFPB).
In an en banc decision in Collins v. Mnuchin, the Fifth Circuit determined the structure of the Federal Housing Finance Agency was unconstitutionally structured.
How did the court come to its decision, and why could it create a problem for the CFPB? Read on for the details.
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