A decision by a federal judge in New York could bring the constitutionality of the Consumer Financial Protection Bureau before the nation’s highest court.

U.S. District Judge Loretta A. Preska in Manhattan ruled Thursday that the structure of the CFPB is unconstitutional.

The decision from the U.S. District Court for the Southern District of New York was made in the case CFPB v. RD Legal Funding.


Source: Mortgage Daily