Supreme Court affirms constitutionality of consumer bureau, but opens executive power can of worms
In addition to announcing what is basically a “stay” on abortion rights on Monday, the Supreme Court also released a mixed opinion on the constitutionality of one of the key post-Great Recession reforms included in the Dodd-Frank Wall Street reform law. The constitutionality of the Consumer Financial Protection Bureau (CFPB) was at issue, and the court decided to split the difference in a decision that is both good and bad for the agency. In short, it still exists.