Trump Administration Looks to Supreme Court to Rein In Consumer Finance Agency

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Trump Administration Looks to Supreme Court to Rein In Consumer Finance Agency
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The Trump administration argues the Consumer Financial Protection Bureau is unconstitutional because its design limits the president’s power to remove the director

WASHINGTON—The Trump administration told the Supreme Court Tuesday that the Consumer Financial Protection Bureau is unconstitutional because Congress limited the president’s power to remove the agency’s director before his or her five-year term expires.

Two federal appeals courts have upheld the CFPB’s structure, which is intended to insulate the director from political interference by allowing dismissal only for “inefficiency, neglect of duty, or malfeasance in office.” They relied on a 1935 Supreme Court precedent, known...

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