Replies to post #595859 on Fannie Mae-No Politics (FNMA)

[955]

Makes sense. They're on the right path. They'll figure it out. Thanks.

I bet the conservative Justices do. Seila and the DOJ agree the CFPB in its current structure is unconstituitional since the CFPB can only be fired for-cause and is appointed for a full 5 years, theoretically outlasting a president's term.

Also, the CFPB is funded via the Federal Reserve.

There is one director of an agency in the executive branch who doesn't need to answer to the President theoretically over a full 4 year term, and obtains funding independently through the Federal Reserve. There is no multi-director commission filled by directors from both parties to mitigate single director overreach.

Conservative Justices may see it as an afront to separation of powers/checks and balances.

As for the remedy, who knows ...