On Monday the U.S. Supreme Court turned away a Texas bank’s constitutional challenge to the structure of the U.S. Consumer Financial Protection Bureau, passing up a case that could have led to more presidential power over an independent agency that President Donald Trump’s administration already has weakened, According to Reuters.
The decision by the justices not to hear an appeal brought by State National Bank of Big Spring may not be the final word on the matter as three other cases involving the CFPB are heading toward the high court.
At issue was whether the CFPB’s sole director has too much power in violation of the authority given to the president under the U.S.
Constitution to appoint and remove certain federal officials.
A ruling in favor of the bank could have allowed a president to fire the director of the agency for any reason.
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