When a federal appeals court made a controversial decision that the Consumer Financial Protection Bureau’s (CFPB) single-director organizational structure is “unconstitutional,” it was no surprise that the CFPB asked the court to reconsider.
- In October, a federal appeals court ruled that the CFPB's single-director structure was "unconstitutional" in a case involving mortgage lender PHH.
- The CFPB has asked the appeals court to revisit the decision, while PHH has asked the court not to.
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