Benjamin K. Olson quoted in Dodd Frank Update article, “Judges vary on constitutionality question”
Dodd Frank UpdateBenjamin K. Olson
Benjamin K. Olson was quoted on February 6, 2018 in a Dodd Frank Update article, “Judges vary on constitutionality question,” which discussed the majority ruling by the U.S. Court of Appeals in the PHH Corp. v. the Consumer Financial Protection Bureau (CFPB). The article featured Olson’s analysis of portions of the court’s ruling on the CFPB’s constitutionally as well as on former CFPB Director Richard Cordray’s interpretation of the Real Estate Settlement Procedures Act.
Olson stated, “In the court’s view, PHH was asking the court to question the constitutionality of all independent agencies, not just the bureau. Independent agencies are a fact of life in modern government and it’s understandable that the court would be hesitant to make a ruling that could have significant implications beyond the scope of the case in front of them.”
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