The Obama Era Liz Warren-Crafted Consumer Financial Protection Bureau just hit a big Supreme Court bump. “We hold that the CFPB’s leadership by a single individual removable only for inefficiency, neglect, or malfeasance violates the separation of powers.”
Liz Warren’s baby, the mutant government beast known as the Consumer Financial Protection Bureau, is going to court. The High Court. And in preparation for the claim that its structure is unconstitutional, it has agreed that this is true.
The Consumer Financial Protection Bureau (CFPB) was party to a prosecution in the State of New York under the consumer financial protection act (CFPA). The Defendants contend that the CFPB is unconstitutionally structured and cannot bring the case against them. The US District Court in New York agrees and kicks…
“the CFPB out of the case because the CFPB’s structure (a single director, who does not serve at the pleasure of the president, rather than a board) is unconstitutional; the entire CFPB section should be stricken from the Dodd-Frank Act.”
Banks took loads of public money in bailouts. Now they want to discriminate against individuals and legal businesses engaged in constitutionally protected activities, one of which we reported here.
[Citi Bank] will not permit their financial services (credit cards) to be accepted for the purchase of firearms by anyone under the age of twenty-one. I assume this includes public safety, members of the military, private security, young moms in rural areas, and women in high-crime Democrat-run rape and robbery zones.
The NRA says, report them to Liz Warren’s Consumer Financial Protection Bureau.
