"Legal experts warned the Consumer Financial Protection Bureau that its proposal to force companies under investigation to keep quiet about the probe might violate free speech rights." -The Wall Street Journal, 10/28/2016 "The proposed rule would keep investors, shareholders and the public in the dark about federal investigations..." -Politico Pro, 10/26/2016 ----------------------------------------------------------------------------- CFPB’s Proposal to Silence Companies Under Investigation Dr...
House Financial Services Committee Chairman Jeb Hensarling (R-TX) notified CFPB Director Richard Cordray in a letter today that a recent federal court ruling means the Bureau must now follow executive orders requiring agencies to ensure the benefits of their proposed regulations outweigh the costs. In addition, the Bureau must now abide by executive orders requiring consultation with Indian tribal governments and state and local officials about its rulemaking activities. “These executive orders ...
Conservatives win big in landmark ruling against Consumer Finance Protection Bureau “An appellate court today called the Consumer Financial Protection Bureau constitutionally flawed … boosting congressional efforts to rein in the powerful agency” “The opinion is a blow for an agency already on its heels.” Consumer Financial Protection Bureau structure ruled unconstitutional “Tuesday's court ruling cited ‘consistent historical practice’ under which independent federal agencies such as the Securi...
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s federal court ruling that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional: “This is a good day for democracy, economic freedom, due process and the Constitution. The second highest court in the land has vindicated what House Republicans have said all along, that the CFPB’s structure is unconstitutional. “By design the CFPB is arguably the most ...
