Fed Judges Question Constitutionality Of Obama’s Prized Consumer Agency

The Daily Caller reports:

A federal appeals court appears ready to declare the structure of the Consumer Financial Protection Bureau (CFPB) unconstitutional, a major blow to the first new agency created under President Barack Obama.

The possibility of dramatic action against CFPB arose in an oral argument Tuesday before the U.S. Court of Appeals for the D.C. Circuit. The National Law Journal first reported the hearing.

CFPB has been an aggressive regulator, allegedly bullying banks, mortgage companies and other financial institutions with costly actions designed to force compliance with the bureau’s anti-business rules on financial transactions. Many companies have fallen in line rather than contest the new bureau’s power.

Can the Federal Reserve finance the Department of Agriculture??? I think you know the answer.