High Court Says CFPB Director Can Be Fired

Law360 (June 29, 2020, 10:38 AM EDT) -- The U.S. Supreme Court ruled Monday that the Consumer Financial Protection Bureau's structure unconstitutionally insulates the agency from presidential oversight and must be altered, rejecting a limit that the Dodd-Frank Act placed on the president's ability to fire the head of the agency.

The U.S. Supreme Court said the structure of the Consumer Financial Protection Bureau must be altered but stopped short of striking down the agency. (Andrew Harrer/Bloomberg via Getty Images) Joined by Justices Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh, Chief Justice John Roberts concluded that Congress went too far with the tenure protection it gave to...

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