The single-director makeup of the CFPB does not interfere with the president's ability to perform his duties and therefore, it is constitutional, the beleaguered agency argues in its brief for a federal appeals court.
"The Bureau's structure does not interfere with the ability of any branch of government to perform its assigned functions, and therefore does not interfere with the separation of powers," the agency contends.
The agency and its director, Richard Cordray are taking shots from all sides. House Financial Services Chairman Jeb Hensarling (D-Texas) told Cordray Wednesday that President Trump has the power to fire him regardless of the appellate court ruling.
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