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June 29, 2020, 10:44 a.m. EDT

Supreme Court rules president can fire CFPB director but allows agency to operate

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By Robert Schroeder

The Supreme Court on Monday said the president of the United States has the power to remove the head of the Consumer Financial Protection Bureau. But the high court stopped short of abolishing the agency entirely. The justices ruled 5-4 that the agency's structure is unconstitutional . Conservatives have argued that the agency's structure impinged on the president's constitutional power over the executive branch. The agency was conceived by Sen. Elizabeth Warren, a Massachusetts Democrat and former presidential candidate.

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Supreme Court makes it easier for president to remove CFPB head

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