It wasn’t much of a surprise that the Supreme Court concluded 12 U.S.C. §5491(c)(3), which provides the Consumer Financial Protection Bureau (CFPB) director with at-will protection from removal by the president, violates the separation of powers.
After all, even the Department of Justice – and CFPB Director Kathy Kraninger herself –previously had agreed the agency is unconstitutional. The justices’ next task in Seila Law v. CFPB wasn’t so straightforward.
Read on for highlights from the Supreme Court’s severability analysis.
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