Statement of U.S. PIRG On Court Ruling Upholding Constitutionality of CFPB Leadership Structure

U.S. PIRG

The following statement can be attributed to Ed Mierzwinski, Senior Director, Federal Consumer Programs, U.S. PIRG

“U.S. PIRG is glad that the full D.C. Circuit, U.S. Court of Appeals, correctly rejected the constitutional challenge to the Consumer Financial Protection Bureau’s leadership structure. When creating the CFPB, Congress recognized the importance of having an independent regulator to enforce our federal financial consumer protection laws. The  decision fully comports with the Constitution and Supreme Court precedent. This decision is a win for American consumers.”

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U.S. PIRG is the federation of state Public Interest Research Groups.  PIRGs are non-profit, non-partisan public interest advocacy organizations that stand up to powerful interests whenever they threaten our health and safety, our financial security, or our right to fully participate in our democratic society. On the web at uspirg.org. U.S. PIRG Education Fund is its research and education affiliate. USPIRGEF’s amicus brief to the court can be found here.