Fannie Mae-No Politics (FNMA)

[mrfence]

LENA MITCHELL: Will the successes of the CFPB come to an end in the U.S. Supreme Court?


11 hrs ago

https://www.djournal.com/opinion/lena-mitchell-will-the-successes-of-the-cfpb-come-to/article_c92d162f-550d-59a5-bfa3-868c1da5c442.html

While the U.S. Justice Department has traditionally used its legal staff to uphold the work of federal agencies, under Attorney General William Barr, the Trump administration’s Justice Department is siding with Seila Law and challenging the independence of the CFPB from the administration’s interference.




Like many other federal independent agencies and its oversight agency, the Federal Reserve, the law creating the CFPB gave it similar independence as the Social Security Administration, the U.S. Postal Service, the National Labor Relations Board and the Federal Trade Commission.

The stated purpose of such independence is to shield these agencies from the whims and influence of politics.

A decision in this case – Seila Law vs. Consumer Financial Protection Bureau – is expected from the Supreme Court before the court ends its session in June.