The Department of Justice (DOJ) is arguing the Consumer Financial Protection Bureau (CFPB) is unconstitutional because the agency’s single director cannot be removed without cause.
This marks the first time the government has alleged the CFPB is unconstitutional. State National Bank of Big Spring, Texas, has petitioned the U.S. Supreme Court to rule on a lawsuit making a case for the abolishment of the bureau and every regulation enacted by it.
Read on for highlights of the government’s brief in response to the petition.
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