The Supreme Court on Monday struck down a provision of the law that limited the president’s authority to remove the head of the Consumer Finance Protection Bureau (CFPB).
The firm said the agency lacked the authority to conduct the investigation because its director was too removed from presidential control, violating the constitution’s separation of powers requirement and the mandate that executive power of the federal government rest with the president.
In a different case, PHH Corp. v. Consumer Financial Protection Bureau, then judge Brett Kavanaugh wrote a majority opinion for the U.S. Court of Appeals for the D.C.
The decision likely means that the only other similarly structured agency, the Federal Housing Finance Agency, is also unconstitutional.
The case is Seila Law v. Consumer Financial Protection Bureau, No.