Last week, four separate entities filed amicus briefs in the State National Bank of Big Spring v. Mnuchin, Case No. 18-5062, case before the U.S. Supreme Court this term. As previously reported by insideARM, this case questions the constitutionality of the Bureau of Consumer Financial Protection’s (BCFP or Bureau) structure due to the “for-cause” removal requirement of the Bureau’s director, the Bureau’s exemption from Congress’s power of the purse, and lack of internal checks and balances due to the Bureau’s single director structure.
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