If you’re a payday lender or a shady mortgage broker, you are probably having a pretty good week. The Fifth Circuit Court of Appeals ruled on Wednesday that the Consumer Financial Protection Bureau, a federal agency tasked with enforcing consumer-finance laws, is unconstitutional. A three-judge panel of Trump appointees found in Community Financial Services v. CFPB that the agency’s funding structure violated the constitutional separation of powers.Wednesday’s ruling could give the Supreme Court an opportunity to destroy a regulatory agency that conservatives and business groups have opposed since the moment of its creation. At risk are a wide variety of regulations to protect Americans from
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