Analysis

Trump Will Struggle To Fire Cordray During DC Circ. Review

Law360, New York (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...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.