En Banc D.C. Circuit Upholds CFPB Constitutionality

Regulatory Transparency Project Teleforum

Listen & Download

On Wednesday, January 31, the full United States Court of Appeals for the District of Columbia Circuit voted 7-3 to uphold the Consumer Financial Protection Bureau (CFPB) against a separation-of-powers challenge to its uniquely independent structure. The court’s majority opinion and the various concurring and dissenting opinions total 250 pages, and all were written in the shadow of the Supreme Court, which could soon be called on to clarify the constitutional law of independent agencies. Ambassador C. Boyden Gray and Boyden Gray & Associates Partner Adam Gustafson will deliver an update on the case and discuss whether it is likely to reach the Supreme Court of the United States.

Visit our website – RegProject.org – to learn more, view all of our content, and connect with us on social media.


  • Ambassador C. Boyden Gray, Founding Partner, Boyden Gray & Associates
  • Adam Gustafson, Partner, Boyden Gray & Associates 
  • [Moderator] Devon Westhill, Director, Regulatory Transparency Project

To listen to this Regulatory Transparency Project Teleforum, please dial 888-752-3232 at 10:45 a.m.