In 2009, Congress sought to re-establish oversight and regulation of the financial system. Among the remedies enacted was a law that consolidated the consumer protection powers of seven agencies into one — the CFPB. Placed in the offices of the Federal Reserve and funded directly by the Fed, the new agency was charged with protecting consumers and preventing a repeat of the 2008 financial crisis.
Once in place, the bureau moved aggressively to protect consumers from bad actors in the banking and financial services sector. A prime example: the crack-down on Wells Fargo. The bankfor creating an estimated 3.5 million fake deposit accounts and fake credit cards in the names of people who didn't authorize them, and for improperly repossessing the cars of military personnel. Also in the CFPB's sights — bill collectors, telemarketers, and others accused of misleading consumers.
Seila lost that argument in the lower courts, but now the Supreme Court will take a crack at the case. Tuesday's arguments will center on a longstanding Supreme Court decision that forms the basis for all independent federal agencies.
We can expect more WreckItRalph crap out of thatfellaintheWH and Heritagefoundation SCOTUS as the year goes on.
America, after trump gets finished destroying it.
This is why Trump and his enablers need to go! VoteBlueToSaveAmerica
I love when one side says fuck the rules like the other side isnt going to be in power down the road and abuse the lack of rules cause one side one time didnt like how the rules were written. Fucking children
They are independent for a reason, to leave politics out of their policy decisions, but I don't expect the supreme court to understand why separation of power is important, they probably deliver what the executive wants as good lap dogs in Congress do
Trump has certainly studied how Hitler consolidated his power. I saw this stuff in the History Channel and it’s pretty much the same thing.
And the assault on our democracy continues, this is what a dictatorship in the making looks like. GOP = Russia PutinsPawns
He doing the absolute correct thing here. Anyone who has been a supervisor in the government knows that its way to difficult to fire someone. Good job Mr. President
We have to look at this beyond this President. It would be a partial return to the Spoils System of earlier US history and proved to be bad for everyone.
Jesus fuck. Barney Frank, please speak up.
Supreme Court is now trumps side kick sadly , next in oval must fix this
There can be no independent acgencies that are not responsible to the elected officials.
Reading this article sends chills down my spine. It's another BIG step towards an authoritarian/dictatorship president. It will let big business run rampant, let them write the rules...just what the oligarch-run GOP wants. We need checks and balances! I despair for my country.
Authoritarianism, one step at a time. And there's no one left to stop it.
Shortsighted Rump doesn’t realize he’s setting the trend. The next democratic president will march down the path DT creates and with ease undo all his shit.
DefundNPR
Our founders understood human nature and that with power, particularly unaccountable power, comes abuse of that power. Independent agencies wield unaccountable power. While partisan political influence is a risk, at least we have an opportunity to pick our politicians.
Egad that headline!!
All power of the executive is is vested in the President of the United States. There is no such thing as an independent agency. All agencies are subject to the directives of the president and all agency officials work for the president. Pick up a constitution sometime
Good thing the conservative majority on the Court is composed of sane, rational umpire-like judges; and not right-wing shills who have spent the last two years on their knees in front of the President.
Wrong!
Good. They should not be 'independent' of executive oversight because it breeds corruption.
HE SHOULD NOT BE ALLOWED TO RETALIATE
ANYONE BUT TRUMP 2020
What a damn nightmare
Warren was dumped too
If the court gives Trump the power to fire anyone, doesn’t that make him a Dictator? The very thing he says he’s not?
Well then, that doesn’t make them very independent, does it?
The worst president of all time
If the president can't fire the heads of national agencies, then who can?
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