Tag Archives: CFPB

Court: CFPB leadership structure Unconstitutional

One of the tentacles created by Dodd-Frank was sliced into this week. By tentacle, I mean the federal Consumer Financial Protection Bureau (CFPB).

A three judge panel in the District of Columbia’s Court of Appeals ruled that the CFPB’s leadership structure was unconstitutional. Right now, the CFPB is headed up by a single man, Richard Cordray.

In an article at Conservative review , Hans von Spakovsky notes that the court recognized most agencies had boards or commissioners who act as a check and balance on one another. The CFPB has no such oversight.

While this is a win, don’t get too excited though. Read on. Continue reading

Posted in Economy, Government, LL1885, The Articles | Tagged

Heartland Article: CFPB Expands Into College Education Accreditation

The article, CFPB Expands Into College Education Accreditation, originally appeared at Heartland Fiscal Times on December 6th.

Excerpt:

Federal banking regulators are expanding the power of the Consumer Financial Protection Bureau (CFPB), demanding records and testimony from higher-education accreditation agencies as part of an investigation into possible “unlawful acts and practices in connection with accrediting for-profit colleges.”

KEEP READING… Continue reading

Posted in Government, Heartland, Higher Ed, LL1885 | Tagged , , ,