PHH Corporation v. Consumer Financial Protection Bureau

The D.C. Circuit Court of Appeals heard oral argument in PHH Corporation v. Consumer Financial Protection Bureau, a case that could determine the future of the… read more

PHH Corporation v. Consumer Financial Protection Bureau The D.C. Circuit Court of Appeals heard oral argument in PHH Corporation v. Consumer Financial Protection Bureau, a case that could determine the future of the consumer protection agency created by the Dodd-Frank law. The Court was reviewing a three-judge panel decision that declared the single-director structure of the agency unconstitutional.

PHH Corporation is a New Jersey mortgage lender that sued the consumer bureau after it was fined $109 million for allegedly accepting kickbacks from mortgage insurers. PHH Corporation argued that the structure of the agency diminishes the president’s power under Article II of the Constitution to faithfully execute the laws. The director, currently Richard Cordray, serves a term of five years that doesn’t expire until 2018 and can only be removed by the president “for cause,” not at will like cabinet members. close

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PHH Corporation v. Consumer Financial Protection Bureau

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Program ID:
429149-1
Category:
Public Affairs Event
Format:
Judicial Proceeding
Location:
Washington, District of Columbia, United States
First Aired:
Jun 16, 2017 | 6:23pm EDT | C-SPAN 2
Last Aired:
Jun 19, 2017 | 2:00am EDT | C-SPAN 1

Airing Details

  • Jun 16, 2017 | 6:23pm EDT | C-SPAN 2
  • Jun 16, 2017 | 11:44pm EDT | C-SPAN 2
  • Jun 17, 2017 | 5:04am EDT | C-SPAN 2
  • Jun 19, 2017 | 2:00am EDT | C-SPAN 1
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PHH Corporation v. Consumer Financial Protection Bureau

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