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Consumer bureau setup defies Constitution, federal judge rules

By Diana Stancy Correll
Published June 21, 2018 11:38pm ET
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Consumer bureau setup defies Constitution, federal judge rules
The D.C. Circuit Court of Appeals decided that the new consumer agency, created by Congress in 2010, cannot be headed by a single director who can be removed only for cause by the president. (Ted Eytan/Flickr) | (Ted Eytan/Flickr)

The structure of the Consumer Financial Protection Bureau is unconstitutional, according to federal district Judge Loretta Preska of the Southern District of New York.

Preska ruled Thursday that having the agency’s setup as an independent agency headed by one director who can only be removed by the president for wrongdoing defies the Constitution.

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CFPB Constitution Donald Trump Federal Courts Law Mick Mulvaney