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The CFPB is appealing an October appellate court decision that found the structure of the agency unconstitutional because it is governed by a single director who can only be removed by the president for cause. 

The agency on Nov. 18 asked the U.S. Court of Appeals for the District of Columbia to take up the case. A panel of the court ruled the agency’s structure unconstitutional on Oct. 11. The new appeal asks the full appellate court to consider the ruling. 

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David Baumann

 

Credit Union Times

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