The Supreme Court has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional in a 5-4 vote and overturns decisions by a federal district court and appeals court. The CFPB is allowed to continue to operate but its Director (Kathy Kraninger) can be removed by the President at will. The CFPB was originally set up after the 2008 financial crisis and through 2017 had returned nearly $12 billion to consumers.
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Hat tip to DDG
