From the day it was born out of the Dodd-Frank reforms, the Consumer Financial Protection Bureau has faced questions over the constitutionality of its independent, single-director structure. On Wednesday, the U.S. Court of Appeals for the D.C. Circuit will take a step toward providing an answer, as a full panel of 11 judges will hear arguments in the mortgage provider PHH Corp.'s appeal of a $109 million penalty. Here are seven things to know.
May 23, 2017 at 01:53 PM
1 minute read
The full D.C. Circuit has left the door open to punt on the constitutional question and rule on narrower grounds. The D.C. Circuit posed three questions when it granted en banc review in February. Among them: “May the court appropriately avoid deciding that constitutional question given the panel’s ruling on the statutory issues in this case?”
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