The Supreme Court heard oral arguments last week over the constitutionality of the Consumer Financial Protection Bureau (CFPB) and whether, as currently structured, it is too far removed from executive oversight. The plaintiff’s attorney in Seila Law LLC v. CFPB argued that “never before in American history has Congress given so much executive power to a single individual,” and that by significantly limiting the President’s ability to remove the CFPB’s director, “Congress violated the core presidential prerogatives to exercise the executive power and to take care that the laws be faithfully executed.”
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