trending Market Intelligence /marketintelligence/en/news-insights/trending/9YPMOQ8nbNVxHDv6D8f0hA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Supreme Court will hear case challenging consumer watchdog's leadership

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Supreme Court will hear case challenging consumer watchdog's leadership

The Supreme Court will consider a case that could fundamentally alter the Consumer Financial Protection Bureau's structure and level of independence.

At issue is whether the president of the United States can remove the head of the agency at will, a provision lawmakers decided against in the Dodd-Frank Act in order to insulate the bureau from political pressures.

The plaintiff in the case, Seila Law LLC, gained the support in September of the Department of Justice and CFPB Director Kathleen Kraninger, who agreed that a president should be able to fire a director, citing the separation of powers clause, which gives a president the authority to remove a head of an agency at will.

The brief filed by the DOJ in connection with the Seila Law case argues that the insulated nature of the bureau is unlawful because the agency is ultimately not accountable to the executive branch, given that the president cannot fire a director. A lower court ruled in 2018 that the bureau's leadership structure is constitutional because other independent agencies, such as the Federal Trade Commission, are similarly structured.

Kraninger's stance on the constitutionality of the CFPB drew ire from Democratic lawmakers at a pair of hearings before the House and Senate financial services committees earlier this week.

The director told a House panel that the constitutional question has "delayed many enforcement actions, it has delayed regulatory actions, and has been something I believe, fundamentally, that the Supreme Court and Congress need to decide and settle once and for all ... ."

Consumer Bankers Association President and CEO Richard Hunt wrote in a statement that "a sole-director calling all the shots will never provide the long-term stability consumers deserve and the well-regulated financial sector needs."