The full U.S. Court of Appeals for the D.C. Circuit will take a fresh look at a ruling that struck down the Consumer Financial Protection Bureau's structure as unconstitutional, setting the stage for a legal fight that carries significant implications for the future of the agency in the Trump administration.
The D.C. Circuit's decision Thursday gives the CFPB another chance to defend itself as Republicans in Congress, emboldened by the election of President Donald Trump, push to roll back the agency's authority. Sen. Ted Cruz, R-Texas, this week filed a bill to abolish the agency as other Republicans continued their legislative push to turn the CFPB into a bipartisan commission.
In a two-page order, the D.C. Circuit vacated a three-judge panel ruling in October in which Judge Brett Kavanaugh railed against the "massive, unchecked power" of the CFPB, an independent agency that was born out of the Dodd-Frank financial reforms.
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