Democrats pretend that the Consumer Financial Protection Bureau is its own branch of government.
This fiasco underscores that the CFPB is a rogue agency whose structure is an affront to the Constitution’s separation of powers. A panel of the D.C. Circuit Court of Appeals ruled in PHH Corp. v. CFPB that the “independence” Mr. Frank so prizes is unconstitutional and that the bureau’s director must be subject to presidential authority.
.. Democrats created an executive-branch agency insulated from Congressional appropriations and presidential control, and now they claim to be able to run it like a branch of government unto itself with a self-sustaining directorship. This is a perversion of constitutional government that the President is right to resist and the courts should reject.