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The case, Seila Law LLC v. Consumer Financial Protection Bureau, hinges on whether the independent agency violates the constitutional separation of powers because its director cannot be fired by the president.
The financial watchdog was established after the 2008 financial crisis in an effort largely spearheaded established by Sen. Elizabeth Warren (D-Mass.), now running for president.
As CNBC reports, the current makeup of the court suggests the regulatory agency, whose activities have already been reduced under President Trump, could be struck down.
