Trump Will Struggle To Fire Cordray During DC Circ. Review

By Evan Weinberger (February 16, 2017, 9:20 PM EST) -- Any plans President Donald Trump had of firing Consumer Financial Protection Bureau Richard Cordray became more complicated when the D.C. Circuit vacated and elected to review a court decision giving the president the power to fire Cordray at will rather than for cause, experts say.

In agreeing Thursday to the en banc review, the D.C. Circuit vacated an October ruling that made the CFPB an executive, rather than independent, agency. The decision has made firing Cordray, a move that has been hotly anticipated by the financial services industry and Republicans in Congress, that much more difficult. Until the case is resolved,...

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