This story appeared in Bank Digest.
In a column posted to his website, Rep. Scott Tipton (R-Colo) discussed problems he sees with the Consumer Financial Protection Bureau's structure and lack of accountability, saying that while the core mission of the CFPB is important, "we should all be concerned about the unconstitutional structure of the Bureau." Tipton noted that an October 2016 federal court decision found the bureau's structure to be unconstitutional and also found it problematic that the CFPB "does not rely on any appropriations from Congress to fund its operations." He added, "The power of the purse is the legislative branch's most powerful check on the executive branch. It should bother all Americans that within the CFPB, unelected Washington bureaucrats can operate without any accountability to Congress."