Supreme Court to Review Trump-Backed Challenge to Consumer Bureau

News

Richard Hunt

rhunt@consumerbankers.com
October 18, 2019

Consumer Bankers Association President and CEO Richard Hunt cheered the news that the high court would consider the Seila Law case.

“The Supreme Court will finally put the constitutionality of the CFPB’s leadership structure to rest, but regardless of the outcome, a sole director calling all the shots will never provide the long-term stability consumers deserve and the well-regulated financial sector needs,” Hunt said. “For that, Congress must create a bipartisan, Senate-confirmed commission to lead the Bureau.”