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Appeals Court Says CFPB Actions Are Legal, Despite Unconstitutional Structure

The court rules that since CFPB Director Kraninger “ratified” the actions, the agency’s rules and enforcement actions are legal.

Entrance to the CFPB headquarters. Entrance to the CFPB headquarters. (Source: Shutterstock)

A federal appeals court ruled Tuesday that actions the CFPB has taken since it was created are not illegal even though the U.S. Supreme Court decided the agency’s structure was unconstitutional.

In deciding the case, the 9th Circuit Court of Appeals ruled that since CFPB Director Kathy Kraninger “ratified” the actions, the agency’s rules and enforcement actions were legal.  Following the Supreme Court’s decision earlier this year, Kraninger said she was issuing the statement to address any questions about the legitimacy of the agency decisions in light of the Supreme Court ruling.

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David Baumann

 

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