Conservative U.S. Supreme Court justices considering the constitutionality of the CFPB can’t radically reshape the bureau without throwing other agencies’ structures into doubt.
Oral arguments Tuesday in Seila Law LLC v. Consumer Financial Protection Bureau highlighted the perils to other agencies, like the Federal Reserve, should the conservative majority decide to strike Dodd-Frank Act provisions that limit the president’s ability to fire the bureau’s director.
The arguments also provided hints that conservative justices may disagree on the remedy if they decide to rule on whether the CFPB is unconstitutionally structured, potentially further narrowing the path for a decision. ...
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