Posted on 06/21/2018 1:16:23 PM PDT by E. Pluribus Unum
A federal district judge ruled Thursday that the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution, countering a January ruling from a federal appeals court.
Judge Loretta Preska of the Southern District of New York ruled that the CFPB’s creation as an independent agency with a director that could only be dismissed for wrongdoing was unconstitutional.
In January, the Court of Appeals for the District of Columbia Circuit ruled that the CFPB’s structure was constitutional, reversing a 2016 verdict issued by a panel of the court’s judges. The appeals court’s initial opinion, written by Judge Brett Kavanaugh, sought to fix the issue by ruling that the CFPB director could be fired at will. Preska, an appointee of former President George H.W. Bush, concurred with part of the D.C. appellate court’s initial ruling against the CFPB, which held that the agency “is unconstitutionally structured because it is an independent agency that exercises substantial executive power and is headed by a single Director.”
She ruled that the entire section of the 2010 Dodd-Frank Act that established the CFPB should be stricken, and she dismissed the CFPB from the case, which was filed in May 2017 by then-New York Attorney General Eric Schneiderman (D). Preska did not issue an order to shut down the bureau.
(Excerpt) Read more at thehill.com ...
Will Pocohauntas Fakeinjun go on warpath?
Oh wait ,this “The Hill” of crap again ,probably Fake
Preska was nominated by President George H. W. Bush on March 31, 1992, to a seat on the United States District Court for the Southern District of New York.
https://en.wikipedia.org/wiki/Loretta_A._Preska
SCOTUS will decide....................
The Hill is OK. They just have a sprinkle of liberal ass hat propagandists.
Joe Concha and John Solomon are great.
The Hill is OK.
The Hill of crap with Nuts ?
Awesome - kill the entire useless organization! Now that would be winning. An entire anti-American bureaucracy gone - even thinking it is possible is awesome.
Awesome - kill the entire useless organization! Now that would be winning. An entire anti-American bureaucracy gone - even thinking it is possible is awesome.
BUMP!
This is yuge winning. Bigly winning. MAGA winning. Expect to wake up to liberal heads exploding......AGAIN!
WHOOOO-HOOOOO!!!
Hey Fauxchohantas, put that in your pipe and smoke it!!!!!
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