Bloomberg By Greg Stohr 9/17/2019
Brief urges letting president fire director for any reason
Supreme Court case would be test of separation of powers
The Trump administration urged the U.S. Supreme Court to give the president more control over the Consumer Financial Protection Bureau, the agency that regulates mortgages and credit cards.
Asking the court to take up a pending appeal, administration lawyers said the Constitution requires that the president be allowed to fire the agency’s director for any reason. The 2010 law that set up the CFPB says the director can be removed only for “inefficiency, neglect of duty, or malfeasance in office.â€
The administration’s position increases the chances the court will take up the issue in the nine-month term that starts in October. A ruling would come by June, only months before the 2020 presidential election.
More:
https://www.bloomberg.com/news/articles/2019-09-17/trump-administration-asks-top-court-to-curb-cfpb-s-independence
