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This decision by the Fifth Circuit is, to quote our current president, a “big f***ing deal.” And that’s not just because it vindicates Republican opposition to the structure of the Consumer Financial Protection Board, although it certainly does that. And it’s not just because it dismantles — for now — a bad policy that the CFPB was pushing at the moment, although it does do that, too.

No, this decision has far-reaching consequences in reminding everyone that the executive branch and its subordinate agencies cannot constitutionally generate its own funding separate from Congress.-
[hotair.com]

SpikeTalon 10 Oct 21
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