Post Profile

The Next President Might Be Able to Fire One of Our Most Important Consumer Watchdogs for Any Reason

Thanks to a federal circuit court ruling Tuesday morning, the president will be able to remove the head of the Consumer Financial Protection Bureau, the agency charged with curbing abuse in the financial sector, for any reason. And the image of Donald Trump yelling, “You’re fired” at the head of the CFPB is only one reason to be upset by this. Up until now, the president could only replace the CFPB head during his or her term for cause.
read more


Related Posts

Court rules Consumer Financial Protection Bureau’s structure is unconstitutional

News : The Raw Story

A U.S. appeals court on Tuesday ruled that the U.S. Consumer Financial Protection Bureau is unconstitutional because too much power is vested in the regulator’s sole director, but that it can continue operating with the director rem...

Elizabeth Warren’s Wall Street Watchdog Ruled Unconstitutional In Current Form

News : Huffington Post

WASHINGTON ? A federal appeals panel ruled on Tuesday that the structure of the Consumer Financial Protection Bureau, the Wall Street watchdog conceived by Sen. Elizabeth Warren (D-Mass.), is unconstitutional. Rather than disband th...

Court Gives President More Power Over Consumer Agency Chief

Business & Finance : DealBook

An appeals court panel said the director of Consumer Financial Protection Bureau was too independent, so it gave the president the power to fire him at will.

Federal Court Rules Consumer Watchdog's Structure Is Unconstitutional

News : The Two-Way

An independent federal agency should not be run by a single person, the court found. It decided to remedy the situation by giving the president the authority to fire the agency head at will.

Consumer Financial Protection Bureau's setup is unconstitutional, court rules

Business & Finance : LA Times: Business

A federal appeals court has ruled that the structure of a U.S. consumer watchdog agency is unconstitutional because it gives too much power to a single agency director. The ruling issued Tuesday said the way the Consumer Financial P...


Copyright © 2016 Regator, LLC