What CFPB gained, lost in appeals court ruling

What CFPB gained, lost in appeals court ruling

January 31, 2018, American Banker

Eric Mogilnicki is quoted in an American Banker article regarding a federal appeals court decision upholding the constitutionality of the CFPB’s single-director structure. "It's a victory for the CFPB in the long-long run, but the Democrats may have to wait two or three years to replace a Trump nominee," says Mogilnicki. "I do think that the win on independence is not necessarily a win for those who are guarding the mission of the CFPB because it means someone who is dubious of the bureau may be in charge for the next five years."