Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

A 3 Judge Panel in the 5th Circuit ruled that the CFPB was Unconstitutionally Structured since the CFPB bypasses Congressional Appropriations Oversight. The court ruled that because of the Constitutional Infirmity the Plaintiff's Remedy would be invalidation of the challenged agency action.

Currently, there is a Petition for a Writ of Certerrori from the Government, challenging BOTH the Separation of Powers ruling AND the courts remedy.

It's anticipated that UNLIKE OUR TAKINGS CASE PETITION the Government will likely have their Petition granted since there may be a split on this issue between the federal Circuits.

Time will tell.