Trump Administration Asks Top Court to Curb CFPB’s Independence
- Brief urges letting president fire director for any reason
- Supreme Court case would be test of separation of powers
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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.”