Thursday, 29 June 2017
Why Trump wants power to remove director of Consumer Financial Protection Bureau

Added: 18.03.2017 18:52 | 16 views | 0 comments

On Friday, the Department of Justice (DOJ) filed an amicus brief in an appeal of a case involving the Consumer Financial Protection Bureau (CFPB), a consumer watchdog, and the PHH Corp. mortgage company. In its brief, the DOJ sided with a three-judge panel that had originally described the CFPB’s structure unconstitutional, saying it gave the bureau’s director too much power. “There is a greater risk that an independent agency headed by a single person will engage in extreme departures from the president’s executive policy,” the DOJ wrote in the brief, according to The Wall Street Journal.

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