Helen Klein Murillo  //  3/26/17  //  Topic Update

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. (NYTWSJWaPo)

  • 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.

Updates | The Week of January 22, 2018

1/28/18  //  Daily Update

The Senate confirmed Jerome Powell to replace Janet Yellen as chair of the Federal Reserve chair.

Update | The Week of November 27, 2017

12/4/17  //  Daily Update

The Federal Reserve vice chairman urged central banks to "tread cautiously" with digital currencies.

Jeffrey Stein

Columbia Law School

Update | Week of October 30, 2017

11/6/17  //  Daily Update

The Trump Administration has taken dozens of deregulatory executive actions. Thanks to a series of resignations, President Trump has a rare opportunity to reshape the Federal Reserve’s board of governors.