Free Republic

The new president availed himself of Seila Law v. Consumer Financial Protection Bureau.The U.S. Supreme Court's June 2020 decision in Seila Law v. Consumer Financial Protection Bureau was not warmly received by certain progressive activists. "The far right just scored a victory," announced Marge Baker of People for the American Way. "Powerful corporate forces have turned their losing political case into a rigged constitutional one," intoned Sen. Sheldon Whitehouse (D–R.I.). "They've moved fringe legal theories into mainstream conservative legal thought." At issue in the case was the legality of the single-director structure of the Consumer Financial Protection Bureau (CFPB). Although...

President Trump will nominate budget aide Kathy Kraninger to be the director of the Consumer Financial Protection Bureau, a White House official said Saturday. If confirmed, she will replace Mick Mulvaney, Trump’s budget director who has been running the watchdog agency on an acting basis. A White House representative said that Kraninger “will bring a fresh perspective and much-needed management experience to the BCFP, which has been plagued by excessive spending, dysfunctional operations, and politicized agendas.” . Last week, Mulvaney told reporters that he expected to remain at the agency until well into the fall, given the slow pace of...