Hensarling: SCOTUS ruling against recess appointments should apply to CFPB

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Richard Cordray’s recess appointment as head of the Consumer Financial Protection Bureau a year ago is being called into question after an appeals court ruling friday invalidated President Obama’s three recess appointments to the National Labor Relations Board.

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"He is not the director of the CFPB," Hensarling told The Wall Street Journal. He pointed to a federal appeals court decision that threw out recess appointments Obama made at the same time to the National Labor Relations Board. Now, Hensarling says, it would take a Supreme Court decision to affirm Cordray.

http://reut.rs/10PI2Uh THIS MORNING ON POLITICO PRO FINANCE – Kate Davidson on SCOTUS. court’s decision still calls into question the validity of Cordray’s recess appointment. This uncertainty, in.

The CFPB’s creation was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the.

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Conceived as a government watchdog with noble aims, the CFPB was doomed by a structure that made it an inherently political agency. On October 11, 2016,

nbsp;I have just had the privilege of reading John Yoo’s perceptive remarks on the recess. Supreme Court had held that the National Labor Relations Board cannot operate with only two members, which.

Rep. Hensarling: SCOTUS ruling against recess appointments should apply to CFPB. The Supreme Court fired a huge salvo on the Obama administration, unanimously rebuking the White House for making recess appointments when Congress wasn’t actually in recess. The court ruled that President Obama exceeded his Constitutional authority when he filled vacancies on theNational Labor Relations Board.

New Vista Nursing & Rehabilitation, though identical to the D.C. Circuit’s earlier decision in NLRB. s occupancy of the CFPB Director position, as is well-known to readers of this blog, is the.

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The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.