"On June 29, [2020], the United States Supreme Court ruled that the structure of the Consumer Financial Protection Bureau was unconstitutional. A compliance expert shares why this matters, and why it matters to dealers in particular."
By a 5-4 decision, the United States Supreme Court on June 29, ruled that the structure of the Consumer Financial Protection Bureau was unconstitutional. At issue was whether the head of an executive agency could not be fired by the head of the Executive Branch, i.e., the President. To understand why this matters, and why it matters to dealers in particular...