The Fifth Circuit Court of Appeals recently handed down a ruling on the Federal Housing Finance Agency’s (FHFA) single-director structure that could hold implications as significant for the Consumer Financial Protection Bureau (CFPB) as they are for FHFA.
Notably, the Fifth Circuit’s opinion directly contradicts the D.C. Circuit’s ruling in the case of PHH Corp. v. CFPB that the bureau’s structure is constitutional.
Find out more details about the implications of the latest court ruling on the matter.