The U.S. Court of Appeals for the D.C. Circuit decided last week that the CFPB is unconstitutional and has overreached. Yet, in the face of that decision, the question remains: What’s next?
“What’s next” is likely to be what strategists in sports and politics refer to as a “long game,” filled with twists and turns as the agency, and its many detractors, square off on the question of whether the CFPB should exist in the first place, and the top court of the land may be the ultimate arbiter.