Senator Pat J. Toomey (R-PA) and Senator Bill Hagerty (R-TN) introduced the CFPB Stability Act, a bill that would change the composition of the agency and subject it to the regular congressional appropriations process.
December 15, 2022
Senator Pat J. Toomey (R-PA) and Senator Bill Hagerty (R-TN) introduced the CFPB Stability Act, a bill that would change the composition of the agency and subject it to the regular congressional appropriations process.
In a 2-1 ruling, a panel of the U.S. Court of Appeals for the Fifth Circuit held that SEC administrative proceedings as currently implemented are unconstitutional.
The U.S. Supreme Court held that (i) the President of the United States can remove the Federal Housing Finance Agency director for any reason and (ii) the FHFA can continue to collect profits from Fannie Mae and Freddie Mac, for which it has served as a conservator since the 2008 financial crisis.
Attorney General William P. Barr announced that President Donald J. Trump will nominate SEC Chair Jay Clayton as U.S. Attorney for the Southern District of New York.
Assistant Attorney General Brian A. Benczkowski of the DOJ's Criminal Division will step down effective July 3, 2020.