Trump administration asks Supreme Court to limit CFPB’s independence

The president should be allowed to fire the Consumer Financial Protection Bureau’s director for any reason, Trump administration lawyers say.

The Trump administration is urging the U.S. Supreme Court to give the president more control over the Consumer Financial Protection Bureau, the agency that regulates mortgages and credit cards.

The administration’s position increases the chances the court will take up the issue in the nine-month term that starts in October. A ruling would come by June, months before the 2020 presidential election. Francisco said the constitutional issue “has broad implications for the president’s ability to supervise the executive branch.“

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