Most amicus briefs urging Supreme Court to gut CFPB were driven by clear motive that is”financial” watchdog says

The majority that is vast of briefs filed to get case wanting to gut the customer Financial Protection Bureau (CFPB) arrived from parties having an “axe to grind” up against the agency, relating to a report by the federal federal federal government watchdog group Allied Progress that has been supplied solely to Salon.

The CFPB, which includes gathered significantly more than $12 billion for customers from organizations accused of wrongdoing that it was unconstitutional for the CFPB payday loans in pennsylvania to have an independent director who can only be removed “for cause” by the president, according to CNBC after it was created in the wake of the 2008 financial crisis, could be dissolved entirely after Seila Law, a law firm that ran afoul of the agency, argued. Continue reading →