The U.S. Supreme Court will hear arguments this week in cases that question whether the current structure of the Consumer Financial Protection Bureau (CFPB) is constitutional, and whether to curb the Securities and Exchange Commission’s power to return funds to fleeced investors.
In Seila Law v. Consumer Financial Protection Bureau, Seila Law will argue before SCOTUS on Tuesday that the agency’s structure is unconstitutional. Seila argues that because the agency’s director cannot be fired by the president at will, it violates Article II of the Constitution, which deals with executive powers.
