Updates | The Week of March 20, 2017
Helen Klein Murillo // 3/26/17 //
The Consumer Finance Protection Bureau plans to start its review of significant mortgage regulations (CFPB Monitor).
The Trump Administration’s attack on the constitutionality of the Consumer Finance Protection Bureau is baseless, as the NYT editorial board explains here.
A House Subcommittee held a hearing on the constitutionality of the Consumer Finance Protection Bureau (CFPB Monitor).
- Thaya Brook Knight discusses a brief filed by the Justice Department arguing that the CFPB is structured in an unconstitutional manner (Cato at Liberty).
The Justice Department filed a brief in PHH Corporation v. CFPB arguing that the Consumer Finance Protection Bureau’s (CFPB’s) structure is unconstitutional, a sharp departure from the Obama administration’s position. (NYT, WSJ, WaPo)
- Here’s the brief.
- At Volokh Conspiracy, Jonathan Adler remarks on the unusual circumstance posed by the Justice Department opposing another federal agency.
- At Consumer Law & Policy Blog, Jeff Sovern argues that the government is wrong.
- At CFPB Monitor, Alan Kaplinsky, Richard Andreano, Jr., and Theodore Flo note that the Justice Department seeks a more limited remedy than does PHH.