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BREAKING: High Court Says CFPB Director Can Be Fired

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > BREAKING: High Court Says CFPB Director Can Be Fired

BREAKING: High Court Says CFPB Director Can Be Fired

Law360 (June 29, 2020, 10:38 AM EDT) — The U.S. Supreme Court ruled Monday that the Consumer Financial Protection Bureau’s structure unconstitutionally insulates the agency from presidential oversight and must be altered, rejecting a limit that the Dodd-Frank Act placed on the president’s ability to fire the head of the agency.

Joined by Justices Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh, Chief Justice John Roberts concluded that Congress went too far with the tenure protection it gave to the CFPB’s director in Dodd-Frank, which bars the president from ousting the agency’s top official except for “inefficiency, neglect of duty or malfeasance.”

But the high court stopped short…

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