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Following the U.S. Court of Appeals for the D.C. Circuit’s ruling against the Consumer Financial Protection Bureau (CFPB), FreedomWorks Foundation CEO Adam Brandon commented:
“This ruling is an important statement affirming the constitutional separation of powers. No one man can wield power outside of any check or supervision by the other branches of the federal government. The Constitution still means something.”
“While this ruling is a step in the right direction, it does nothing to address the overreach of the CFPB. This agency still represents a massive expansion of the federal regulatory state. It’s imposing new costs on Americans at time when the economy is still struggling to gain steam. While the unconstitutionally of the CFPB’s structure is addressed for now, the destructive regulatory impact of the agency continues.”
FreedomWorks Foundation seeks to engage and educate Americans across all demographics on the principles of smaller government, lower taxes, free markets, personal liberty, and the rule of law. For more information, please visit www.FreedomWorks.org/Foundation, or contact Jason Pye at JPye@FreedomWorks.org.