Justice Department: President should have power to fire head of Consumer Financial Protection Bureau

Via Billy

The Justice Department told a federal appeals court Friday that President Trump must have the authority to fire the head of the Consumer Financial Protection Bureau, a powerful regulatory agency created under President Obama.

In an unusual move, the Justice Department filed a friend-of-the court brief opposing the CFPB in a major court case, asserting that the agency’s organizational structure is unconstitutional. It’s the same conclusion that a panel of appellate judges reached last year.

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