Is the CFPB Unconstitutional?

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Is the consolidation of financial regulation oversight into one unelected official constitutional? Gregory Jacob, Partner at O’Melveny & Myers, LLP, gives a history of the establishment of the Consumer Financial Protection Bureau (CFPB) as a response to the financial crisis of 2008 and discusses a recent decision by the D.C. Circuit regarding the agency's structure.

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If the CFPB violates the separation of powers, why doesn't the Federal Reserve and any other federal agency that is not subject to government oversight?

notanewbie
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The word "statutes" is misspelled at 0:30.

Dr_JSH