AG Derek Schmidt asks U.S Court of Appeals to rule CFPB structure unconstitutional

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TOPEKA – (July 13, 2018) – The governance structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional, Kansas Attorney General Derek Schmidt has told a federal appellate court in New Orleans. Schmidt, along with the attorneys general of 12 other states and the Governor of Maine, on Monday filed an amicus brief with the U.S. Court of Appeals for the 5th Circuit arguing that the CFPB’s structure violates the separation of powers by improperly limiting the constitutional authority of the president to remove the agency’s director from office. The Texas-led brief argues that the Constitution does not permit the consolidation of sweeping and unchecked executive powers in an administrative agency headed by a sole director who may be...

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AG Derek Schmidt asks U.S Court of Appeals to rule CFPB structure unconstitutional

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