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Justices' FHFA Ruling Is Small Step In A Dangerous Direction

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Justices FHFA Ruling Is Small Step In A Dangerous Direction
Law360 (June 24, 2021, 5:59 PM EDT) In Collins v. Yellen, the U.S. Supreme Court invalidated for-cause removal protection for the director of the Federal Housing Finance Agency. In doing so, it sidestepped statutory restrictions on lawsuits brought by Fannie Mae and Freddie Mac shareholders and encouraged private parties to bring litigation aimed at weakening the independence of federal agencies.
President Joe Biden immediately took advantage of the ruling by dismissing the director of the FHFA, a Trump administration holdover.[1]
This litigation, however, appears unlikely to produce any relief to the government-sponsored enterprises shareholders, who had brought suit. They had challenged the FHFA s third amendment to its preferred. ....

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: Supreme Court decision could help advance Biden's housing agenda — starting with the firing of the FHFA director

: Supreme Court decision could help advance Biden's housing agenda — starting with the firing of the FHFA director
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Biden removes FHFA director after Supreme Court ruling

Biden removes FHFA director after Supreme Court ruling
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Infrastructure deal!

Infrastructure deal!
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Targeted News Service

Targeted News Service
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