US appeals court to reconsider challenge to consumer bureau

ByREUTERS
February 16, 2017 19:39

WASHINGTON, Feb 16 - A US appeals court on Thursday said it will reconsider an October ruling that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional.

A full panel of 10 judges on the US Court of Appeals for the District of Columbia Circuit, will decide the case. A three-judge panel had earlier decided the CFPB vests too much power in its sole director. That decision has now been wiped off the books.

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