Supreme Court Gives President More Control Over Consumer Financial Protection Bureau

The Supreme Court on Monday dealt a blow to the Consumer Financial Protection Bureau as conceived by President Barack Obama and Sen. Elizabeth Warren, making it easier for the agency’s leader to be removed for any reason. In a 5-4 opinion authored by Chief Justice John Roberts, the court struck down part of the law that established a CFPB director who could only be fired for “inefficiency, neglect of duty or malfeasance in office.” (ABC/Wbal)

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