The president can fire him only “for cause,” and that’s a lot more complicated than at-will employment.
But the President can easily TRANSFER HIM TO ALASKA
Courts have long held that Congress cannot “bind” future Congresses—that is, it can’t force a future session of Congress to carry on its own policies. That practice, formally known as “legislative entrenchment,” is seen as privileging one group of lawmakers over another, “binding” future to the priorities set in the present.
This will probably happen rather quickly as the legislatures are hitting on all cylinders contrary to the claims of the hysterically impatient, the “Are We There, Yet” crowd.
This agency is “self funding” in that they find the “violations”, set the “penalty” or negotiate it to a point that the financial institution decides it is cheaper to settle and then they take the extorted money to fund their agency. It would be like a cop stopping you for speeding based on no law setting the speed, telling you what the fine is and then paying his own salary with the money his just took from you.
Sounds a lot like asset forfeiture.
Repeal Dodd-Frank. A lot of it is as bad or worse than Obamacare anyway. They used Obamacare as a smoke screen for this, then ended up passing both.
On October 11, 2016 the DC Court found the CFPB structure to be constitutionally flawed and gave the President direct control over the agency. The Court gave authority to remove the director, at will, for any reason.
The order may be appealed, does anyone have an update?
EXCLUSIVE: Gravy Train Flows Wide And Deep At Elizabeth Warren’s Consumer Agency
Is this foul of a the Ethics Law?
bkmk