US consumer watchdog chief can be fired by president, supreme court rules

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US consumer watchdog chief can be fired by president, supreme court rules
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  • 📰 The Guardian
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Justices stop short of invalidating Consumer Financial Protection Bureau, independent agency set up in 2011 under Obama

The US supreme court on Monday handed the president the power to fire the head of a federal agency charged with protecting consumers in the financial sector, ruling that the structure it was given by Congress violated the US constitution.

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