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Is the Consumer Financial Protection Bureau's structure constitutional?
The U.S. Supreme Court will decideThe Consumer Financial Protection Bureau (CFPB) — a brainchild of Massachusetts Senator Elizabeth Warren after the Financial Crisis — will be in front of the U.S. Supreme Court over whether its leadership structure is constitutional.
The crux of the case is that there is only one, not multiple directors, leading the agency, and that that person can only be removed for cause. In other words, the president of the United States can only remove the director of the CFPB with a very strong justification.
The Trump administration is set to argue to the U.S. Supreme Court on March 3 that the Constitution gives the president power to fire the CFPB director at his or her own discretion. A ruling is expected by the end of June.
Legal experts think there’s a strong chance that the Trump administration will achieves its aims in the case.
https://finance.yahoo.com/news/is-the-cfpb-constitutional-supreme-court-193517901.html
Republicans feel they have the right to rip us off with impunity.