Democrats rally together to support CFPB in case against PHH

Congressional Democrats filed an amicus brief on Friday with the D.C. Circuit Court of Appeals in support of the bureau’s independent structure and constitutionality. “In creating the Bureau, lawmakers determined that it needed two key attributes to fulfill its mission: independence, and the ability to act promptly and decisively in response to new threats to consumers,” the lawmakers wrote.
Source: HousingWire Magazine