The U.S. Supreme Court on Monday handed President Donald Trump more authority over a federal agency charged with protecting consumers in the financial sector, empowering him to fire its director at will and ruling that the structure it was given by Congress violated the U.S. Constitution.
“The agency may therefore continue to operate, but its Director, in light of our decision, must be removable by the President at will,” Chief Justice John Roberts wrote on behalf of the majority.
Now, the Supreme Court should not have ignored the intent of Congress and allowed the President to remove the @CFPB director without cause. They just handed over more power to Wall Street's army of lawyers and lobbyists to push out a director who fights for the American people.— Elizabeth Warren (@SenWarren) June 29, 2020
Roberts tries to gut the CFPB, created by Warren, that got American consumers billions back.— Wajahat "Wears a Mask Because of a Pandemic" Ali (@WajahatAli) June 29, 2020
Supreme Court says CFPB's leadership structure is unconstitutional https://t.co/8hLKy8NiOR
Here is the bottom line from Chief Justice Roberts' opinion in CFPB case: pic.twitter.com/GmE3TGd5hc— SCOTUSblog (@SCOTUSblog) June 29, 2020
BREAKING: A sharply divided Supreme Court has reined in Congressional efforts to limit the president’s power to remove executive branch officials https://t.co/YodSgGA6v8— POLITICO (@politico) June 29, 2020
Re CFPB SCOTUS held:— File411 (@File411) June 29, 2020
“We therefore hold that the structure of the CFPB violates the separation of powers. We go on to hold that the CFPB Director’s removal protection is severable from the other statutory provisions bearing on the CFPB’s authority”https://t.co/Jgc3Digr5Q pic.twitter.com/ziA8sFSJ2J
Read the full majority opinion below.