On Tuesday, the United States Court of Appeals, D.C. Circuit ruled the Consumer Financial Protection Bureau’s structure is unconstitutional. The Court stated the structure of the leadership within the bureau is a violation because it provides too much power to one person, the director of the bureau. The bureau can continue to operate; however, it will be under increased scrutiny from the executive branch. Additionally, the Court’s ruling provides President Barack Obama the authority to remove the current director, Richard Cordray.
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