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Current CFPB structure is unconstitutional, commission needed

first_imgThe creation of a multi-member leadership commission at the Consumer Financial Protection Bureau (CFPB) would remedy the constitutional defect currently present at the agency, CUNA argued in a brief filed with the U.S. Supreme Court Monday. CUNA filed the brief in Seila Law v. CFPB, a case questioning the constitutionality of having a single director removable only by cause leading the CFPB.CUNA’s brief agrees with Seila Law and the CFPB that the single-director structure violates the separation of powers. The brief notes that the CFPB has the “broadest regulatory reach of any financial regulator,” and while the need for consumer protection in the U.S. remains,“CUNA agrees with Petitioner and the CFPB that Congress’s chosen design cannot withstand constitutional scrutiny because the statutory restriction on the President’s ability to remove the Bureau’s Director violates the separation of powers,” the brief reads. “To preserve the consumer-protection benefits that the CFPB provides, while remedying the unconstitutional power vested in3 the agency’s Director, CUNA advocates that the Court vacate the lower court’s decision and shift the responsibility for fixing the Bureau’s structure to the political branches.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Portland Trail Blazers Center Jusuf Nurkic undergoes the Surgery, no Nerve Damage

first_imgPortland Trail Blazers center Jusuf Nurkic is officially out indefinitely following successful surgery to repair a compound fracture sustained during Monday’s game against the Brooklyn Nets, according to the Athletic’s Shams Charania. The team also received some good news: Doctors reportedly found no nerve or muscle damage. Nurkic was injured during the second overtime, fracturing both his tibia and fibula on the left leg.Nurkic was taken to an area hospital immediately after the game. Rip City, as well as the rest of the league, wishes the best for Nurkic, who has had an incredibly productive season up to this point. Our Managing Editor Dave Deckard provided his thoughts about last night’s events earlier today.On Monday morning, the Blazers announced that Nurkic suffered compound fractures to his left tibia and fibula and will be out indefinitely as he works his way back to full health.Nonetheless, the loss is a big one for the Blazers, who are in the midst of a fight for homecourt advantage in the ultra-competitive Western Conference. Blazers head coach Terry Stots called the injury – and the resulting loss of Nurkic’s services – “devastating,” while Blazers All-Star guard Dame Lillard felt physically ill for his teammate.“It made me sick to my stomach,” Lillard said on the injury, via ESPN. “I think he tried to tip it in, he crashed the glass and I saw him hit the ground and roll over real quick, and I thought maybe he got hit in the face or something again. As I was walking over there, I saw everybody else turn around real quick and walk away, and then I looked and saw his leg — and you just hate to see that happen to him.last_img read more