In a 5-4 Supreme Court decision, (Seila Law v. CFPB), it was ruled that restrictions on the President’s authority to an Executive Branch agency are unconstitutional. This paves the way for broad Presidential authority to remove a standing Director of the Consumer Financial Protection Bureau. While granting the White House sole discretion for the termination of it’s director, they rejected arguments for it’s closure.
Supreme Court Nullifies CFPB Autonomy
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