What CFPB gained, lost in appeals court ruling

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."