Justices appoint Utah law professor to defend structure of Federal Housing Finance Agency

Claud Mccoid

The Supreme Court on Monday appointed Aaron Nielson, a professor at Brigham Young University’s J. Reuben Clark Law School, as a “friend of the court” in Collins v. Mnuchin, in which the justices are most likely to hear argument this fall. Nielson, an skilled on administrative law, will protect the constitutionality of the structure of the Federal Housing Finance Agency after the federal authorities declined to do so.

The situation is a dispute concerning shareholders of Fannie Mae and Freddie Mac and the FHFA, which turned the conservator for Fannie and Freddie after the 2008 economic disaster, above the FHFA’s 2012 funding settlement with the Treasury Division. 1 of the thoughts that the justices agreed in July to make a decision is no matter whether the FHFA’s structure violates the Constitution simply because the company is headed by a one director, who can be taken out by the president … Read More