The case that could doom Elizabeth Warren’s Wall Street watchdog

Source: Elizabeth Dexheimer, Bloomberg

The fate of the Consumer Financial Protection Bureau and its chief, Richard Cordray, is in the hands of a Washington appeals court that will hear arguments Wednesday. The CFPB asked the court to reconsider its 2016 decision involving the agency’s punishment of New Jersey mortgage company PHH Corp. The outcome could take months. It’s expected to provide ammunition for either those who are for or against the agency in the years-long tug of war over its existence.

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