Second Circuit Reaffirms CFPB Funding is Constitutional
WASHINGTON, D.C. – The U.S. Court of Appeals for the Second Circuit ruled yesterday that the Consumer Financial Protection Bureau (CFPB) funding structure is constitutional. This decision comes as the U.S. Supreme Court plans to hear a separate lawsuit challenging the constitutionality of the CFPB funding structure in the coming months. “The Second Circuit rightly reaffirmed that CFPB funding is...