House Oversight Committee to Hold Hearing on March 21 Examining CFPB’s “Unconstitutional Design”

Consumer Finance Federal Issues House Oversight Committee CFPB Single-Director Structure

On March 16, the U.S. House of Representatives Subcommittee on Oversight and Investigations announced it will hold a hearing on Tuesday, March 21, at 10:00 a.m., entitled “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” According to a March 16 Committee Memorandum, the hearing—which will be held in room 2128 of the Rayburn House Office Building—will examine, among other things, “whether the structure of the CFPB (Bureau) violates the Constitution as well as structural changes to the Bureau to resolve any constitutional infirmities.” The following witnesses are scheduled to testify:

• The Honorable Theodore Olson, Partner, Gibson, Dunn & Crutcher LLP
• Professor Saikrishna Prakash, James Monroe Distinguished Professor, University of Virginia School of Law
• Mr. Adam White, Research Fellow, Hoover Institution
• Ms. Brianne Gorod, Chief Counsel, Constitution Accountability Center