Bloomberg Law Brief: CFPB Structure Unconstitutional (Audio)

Dalie Jimenez, a professor at the University of Connecticut Law School, and Christopher Peterson, a professor at the University of Utah School of Law, discuss an appeals court decision, which ruled that the current structure of the Consumer Financial Protection Bureau is unconstitutional, and took away power from its director. The decision was a blow to the agency, which was created in the wake of the financial crisis to regulate mortgages, credit cards, and other products directed at consumers. They speak with Bloomberg Law hosts June Grasso and Greg Stohr on Bloomberg Radio's "Bloomberg Law." Bloomberg's John Tucker and Bob Moon report the day's top legal stories.