Supreme Court Gives President Power To Fire Key Independent Agency Chief
But the court left intact the rest of the statute that created the CFPB. The decision was a victory for President Trump and others who have long sought to trim the sails of independent agencies.
The U.S. Supreme Court ruled Monday that the president can fire at will the head of the Consumer Financial Protection Bureau, the independent agency Congress created in 2010 to protect consumers from abuses in the banking and financial services industry, abuses that led to the 2008 financial meltdown. But the court left intact the rest of the statute that created the agency.
In order to ensure the CFPB's independence, the law creating the agency called for it to be headed by a single director, confirmed by the Senate, who would serve a five-year term and who could only be fired for malfeasance, inefficiency or
