Shareholders of Fannie Mae and Freddie Mac who are suing over the government’s new worth sweep of profits by the agencies are claiming their lawsuit is the best case to decide the constitutionality of single-director agencies like the Consumer Financial Protection Bureau (CFPB).
The shareholders have filed for a writ of certiorari with the Supreme Court to decide the constitutionality of a single director independent agency and provide relief to the shareholders.
Read on to learn why the shareholders say Collins v. Mnuchin – rather than Seila Law – is the case the Supreme Court should choose to decide the constitutionality of a single director with for-cause provision.
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