The Supreme Court has agreed to take up a case that could significantly weaken the structure and independence of the Consumer Financial Protection Bureau
The law that established the CFPB says that the President may not remove the director except for"inefficiency, neglect of duty, or malfeasance in office.
"But critics -- including the Trump administration, the current director of the agency, Kathleen Kraninger, as well as a law firm fighting a CFPB-led investigation -- argue in court briefs that a restriction on the President's authority to remove the director at will-- if they disagree on policy, for example --"violates the Constitution's separation of powers."This story is breaking and will be updated.
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