A federal appeals court agreed Thursday to scrap an earlier ruling against the Consumer Financial Protection Bureau's constitutionality, saying it will revisit the issue at a hearing on May 24, while also opening the door to discuss a new wrinkle in the case.

The U.S. Court of Appeals for the D.C. Circuit said it agreed to consider the CFPB's petition on an "en banc" basis, allowing 10 judges to revisit a decision made last year by a three-judge panel of the court. The decision effectively wiped out that ruling, which found that the CFPB's single-director structure was unconstitutional and struck down the Dodd-Frank Act's provision that a CFPB director could only be fired "for cause."

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