Republicans complaining about lack of accountability of CFPB director who serves at the pleasure of the president

by Jeff Sovern

Remember how Republicans complained how the CFPB was an unaccountable agency because its director could be fired only for cause? And then the Supreme Court ruled in Seila Law that the "for cause" removal limit was unconstitutional so that the president could fire the director without a showing of cause? You might think that Republicans would no longer be complaining that the Bureau is unaccountable, but you would be wrong. According to The Hill, Senator Toomey, the ranking minority member of the Senate Banking Committee, was still singing the same old tune about the Bureau being unaccountable at today's congressional hearing. It's almost as if they object to having an agency protect consumers.

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