Fifth Circuit Strikes Down CFPB Funding Method; New NCLA Video on Nasdaq’s Board Diversity Rule

Fifth Circuit Strikes Down CFPB Funding Method

In the case of Community Financial Services Association of America v. CFPB, three judges on the U.S. Court of Appeals for the Fifth Circuit have ruled that the CFPB's funding method violates the Constitution's structural separation of powers. The judges also invalidated part of the CFPB's 2017 payday lending rule.

Vec reviews the Fifth Circuit ruling.

New NCLA Video on Nasdaq’s Board Diversity Rules

The U.S. Securities and Exchange Commission approved Nasdaq’s listing rules requiring most companies in the stock exchange to meet quotas for race, gender, and sexual preference in corporate board membership. A new video released by NCLA explains why these Board Diversity Rules fall outside of the agency’s regulatory authority.

Mark and Vec discuss NCLA’s recent video concerning Nasdaq’s Board Diversity Rules.