Fannie Mae-No Politics (FNMA)

[obiterdictum]

While not a guarantee on how the en banc court will rule, that is good news. Thanks for posting that 3antar.

To more fully consider what the ruling means for the FHFA, it is suggested to read the CADC decision against the CFPB (see pages 29 and 33 for FHFA references) and listen to the oral arguments (at 0:10:58 to 0:18:40; and 0:18:40 to 0:26:02 and 1:05:00 to 1:11:30) where the FHFA and GSEs are briefly mentioned and details the CFPB argument that single director agencies are ok (0:18:40 to 0:26:02). CFPB found only three agencies similar to itself: Social Security Administration, Office of Special Counsel and FHFA.

Please note that Theodore B. Olson of GIBSON, DUNN & CRUTCHER LLP, who is the lead attorney in the Perry Capital case, is the attorney arguing the case and representing PHH....

Source:
PHH Petition for Review of an Order of the Consumer Financial Protection Bureau at CADC
http://bit.ly/2dZ8qnu
Oral Arguments (audio) - GSEs and FHFA included briefly in arguments - http://bit.ly/2mjRLkV

To keep track of this cases use this site:

CFPB Monitor - a blog focused exclusively on important goings-on at the Consumer Financial Protection Bureau (CFPB), the independent consumer financial regulatory and enforcement agency created by the Dodd-Frank Act.
https://www.cfpbmonitor.com/