WASHINGTON – The U.S. Court of Appeals for the D.C. Circuit ruled Tuesday that the Consumer Financial Protection Bureau’s (CFPB) structure is constitutional and that the CFPB director can only be removed by the president for cause. John Taylor, President & CEO of the National Community Reinvestment Coalition, made the following statement:
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NCRC and its grassroots member organizations create opportunities for people to build wealth. We work with community leaders, policymakers and financial institutions to champion fairness in banking, housing and business.