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CFPB Chief Wants Constitutional Question Fixed ‘Once and for All’ (1)

Oct. 16, 2019, 5:40 PMUpdated: Oct. 16, 2019, 6:31 PM

Consumer Financial Protection Bureau Director Kathleen Kraninger defended her decision to join with the Justice Department in arguing that the bureau’s structure is unconstitutional.

Kraninger told House lawmakers Oct. 16 that the question of whether the CFPB’s single-director leadership violates the Constitution has dogged the bureau since its inception, and that only a ruling from the U.S. Supreme Court or an act of Congress could end the debate.

Kraninger said that she elected to sign on to a Justice Department request that the Supreme Court to take on a case challenging the CFPB’s constitutionality, and remove a Dodd-Frank Act provision ...