Trump Asks DC Circ. For Power To Fire CFPB Chief

By Evan Weinberger (March 17, 2017, 5:13 PM EDT) -- The Trump administration said Friday that the Consumer Financial Protection Bureau's leadership structure was unconstitutional and asked the D.C. Circuit to allow the U.S. president to fire the bureau's director at will, but stopped short of asking the court to eliminate the agency.

Despite moving against the Consumer Financial Protection Bureau's structure, the Trump administration did not push the D.C. Circuit to abolish the CFPB due to its constitutional flaws. (AP) The U.S. Department of Justice said in a brief filed with the appeals court that an October split ruling by a three-judge D.C. Circuit panel correctly determined that the CFPB's...

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