The D.C. Circuit Court of Appeals’ ruling that the Consumer Financial Protection Bureau (CFPB) is unconstitutionally structured has made the CFPB director now directly responsible to the president.
By doing so, the president can bring the CFPB and its activities to halt, and much more easily than you might think. Although the idea that the president who appointed Richard Cordray as the first director of the CFPB might make the idea laughable, a change in the Oval Office could bring the bureau to a halt.
Read on for details of how easily the wheels of the CFPB could be ground to a halt.