SCOTUS

The high court will decide how much latitude a president has to fire the director of an independent agency.

In her second day of congressional testimony, Kathy Kraninger took heat from Senate Democrats for weighing in on constitutional questions about her agency and for her enforcement track record.

A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.

The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau.

By declaring that she has too much statutory power, the agency’s director has potentially opened a floodgate of litigation.

The shareholders' claims against Fannie Mae and Freddie Mac's regulator mirror arguments in cases challenging the Consumer Financial Protection Bureau.

If the court agrees to hear the case, its conservative majority could make it easier for a president to fire a CFPB director, though other outcomes are possible.

The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure.

In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.

A more conservative court will be likelier to rule favorably on issues ranging from the deference for regulatory agencies to what constitutes a fair-lending violation.