5 years ago
May 2020
"A brainchild of then–Harvard law professor Elizabeth Warren, the Consumer Financial Protection Bureau (CFPB) was supposed to safeguard the interests of American consumers by implementing and enforcing a wide array of federal regulations. The CFPB was also designed to be independent. The agency was placed in the hands of a -single director appointed by the president to a five-year term. Despite wielding many executive branch–like powers, the director of the CFPB does not answer to the White House and may only be removed by the president for 'inefficiency, neglect of duty, or malfeasance'….That unique organizational structure has raised constitutional questions. How is it consistent with the separation of powers to have a quasi-executive agency run by a lone federal official who is essentially untouchable by the head of the executive branch?"
Damon Root
"The Constitutional Case Against the Consumer Financial Protection Bureau"
