Fifth Circuit Finds CFPB Funding Mechanism UnconstitutionalFifth Circuit Finds CFPB’s Funding Mechanism Unconstitutional

By Stefanie Jackman, James Kim, Chris Willis, David N. Anthony & Jeremy Rosenblum POSTED IN ALL ENTRIES, CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), STATE ATTORNEYS GENERAL, CFPB + FTC In a major decision released October 19, a three-judge panel of the Fifth Circuit Court of Appeals found the funding mechanism for the Consumer Financial Protection Bureau (CFPB or Bureau) to be unconstitutional. Specifically, the court in Community Financial… View ArticleOriginal Article