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Bookmark or Share- The Second Most Powerful Person in the U.S. Government?The Dodd-Frank Act created the Bureau, inspired in large part by then-Professor Elizabeth Warren’s idea for a finance analog to the Consumer Product Safety Commission. The Bureau has a budget of about $480 million and just over 1,500 employees —a quarter or so as big as, say, the USDA’s Agricultural Research Service .
- To Save and Not to Destroy: Severability, Judicial Restraint, and the ...As just one example, the Supreme Court has added a severability question to this Term’s docket questioning the constitutionality of the structure of the Consumer Finance Protection Bureau, asking whether—even if it holds that the leadership structure of the Bureau is unconstitutional—the rest of the Consumer Financial Protection Act ...
- Seila Law v. Consumer Financial Protection Bureau: Score One for The ...CONSUMER FINANCIAL PROTECTION BUREAU, No. 19-7, the Supreme Court, in an opinion written by Chief Justice John Roberts, held that the restrictions on the power of the President to remove the director of the CFPB are unconstitutional. The outcome, including the 5-4 vote on the merits, was expected, and was a major victory for those who support ...
- Richard Cordray | ACS - American Constitution SocietyRichard Cordray served for six years as the first Director of the Consumer Financial Protection Bureau. Before joining the Consumer Bureau, Rich served as Ohio's Attorney General. He also served as Ohio Treasurer, where he led the State's banking, investment, debt, and financing activities.
- Radical Far-Right CFPB Taskforce Threatens Consumer ProtectionBut unlike the five-member, ideologically homogeneous taskforce, accountable only to the director of the CFPB, the National Commission on Consumer Finance was specifically authorized and funded by Congress; its work was bipartisan; a majority of its 12 members, supported by dozens of staff and student researchers, were members of Congress ...
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