The Supreme Court on Monday ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional, striking down the protections that prevented the agency’s director from being fired at will.
The court said in a 5-4 decision that the firing protections are an unconstitutional restraint on the president’s ability to oversee executive branch agencies.
“Such an agency lacks a foundation in historical practice and clashes with constitutional structure by concentrating power in a unilateral actor insulated from Presidential control,” Chief Justice John Roberts wrote in the majority decision, which was joined by his conservative colleagues.”The agency may therefore continue to operate, but its Director, in light of our decision, must be removable by the President at will.”
Full story here. The CFPB. Add that to the legacy of Barack Obama’s insignificant, incremental, and largely worthless accomplishments.
It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs
If Democrats don’t stand for the people, why should people stand for them?--Jim Hightower