5th Circuit Delivered a Decision That Has Elizabeth Warren Throwing a Fit

The Fifth Circuit Court of Appeals just threw a major blow at Sen. Elizabeth Warren (D-MA), brainchild via the 2010 Dodd-Frank legislation. Republicans have been opposed to it for years. They claim that the bureau was transparently set up and can be viewed at any time.

The Fifth Circuit recently ruled that the Consumer Financial Protection Bureau’s (CFPB’s) funding mechanism wasn’t constitutional.

Congress’s decision not to exercise its appropriations power under the Constitution violates the Constitution’s structural separation. A panel of three judges from the U.S. Circuit Court of Appeals ruled in favor of the 2017 payday lending rule of CFPB. This decision was made in a case brought before it by a payday lender group.

They were delegating something that was not their responsibility, namely their ability to exercise.

Judge Cory Wilson stated Wednesday, “The Bureau was unique among self-funded agencies. ”

This is a great choice because we know that giving power to unaccountable bureaucracies, which Democrats love to do, especially when they control the bureaucracies, ends up being a bad decision.

It is likely that it will be appealed again.

It looked like Republicans had already accepted the decision and were preparing to retake oversight. Rep. Tom Emmer (R-MN)

Warren has a fit, which is a good sign.