Trump v. Cordray: High-Stakes Politics Ahead
A recent appeals court ruling allows a president to remove a CFPB director without cause. The CFPB could appeal, but Trump could remove Cordray and replace him with a director who would drop the appeal. Hence, the CFPB might seek to convince a higher court to delay the appeal court's decision pending further appeal. Current rules only allow a director to be removed for "inefficiency, neglect of duty, or malfeasance in office." The agency has until Nov. 25 to appeal the decision. "I would not expect [Cordray] to give up that position lightly." [11/10/16]
