June 29, 2020

Why the financial industry is celebrating a Supreme Court ruling — for now
In a 5-4 decision, the Supreme Court on Monday ruled that the president can fire the head of the Consumer Financial Protection Bureau "at will." That's seemingly a victory for the financial industry, which has been locked in a never-ending tug-of-war with the CFPB since it was established in 2010, but the celebration may not last forever, HuffPost reports. Prior to the ruling, the CFPB director could only be fired for cause, namely "inefficiency, neglect of duty, or malfeasance in office." The reason behind the distinction is that the post comes with a 5-year term, which means the director could serve under the president of a different party, so the for-cause rule makes it more challenging for a president to terminate the director for partisan, political reasons. But in response to a lawsuit, the court decided the restrictions violate the constitutional authority bestowed upon the executive branch. In the short-term, the financial industry — which saw the CFPB return $12 billion to defrauded consumers between 2010 and 2016 — is likely on board with the decision, but there's a catch. The current CFPB Director Kathy Kranninger, who was appointed by President Trump, is considered a defender of the financial sector. If Trump loses to the presumptive Democratic nominee, former Vice President Joe Biden, in November, Biden will now have a lot more leeway to make a change.

Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Morphe Cosmetics Cuts Ties With Jeffree Star
July 10, 2020
dEAONeUfJVY
Jada Pinkett-Smith & Will Smith Confirm August Alsina Relationship | E! News
July 10, 2020
NzOKOZfVp_4
Katy Perry and Taylor Swift "Fight Like Cousins" | E! News
July 10, 2020
oYnpDXHVUmw
Who is Ryan Seacrest dating next? | Page Six Celebrity News
July 09, 2020
qx32TwANLc0
The ‘Glee’ curse: Is Naya Rivera the latest victim in show’s tragic history? | Page Six News
July 09, 2020
ktZKEmY-oEo
New mom Shay Mitchell on 'Pretty Little Liars' cast | Page Six Celebrity News
July 09, 2020
IOh0FZqxuzw
Matt Lauer Dines with Mystery Woman Before Yachting on 'Resilient' | TMZ
July 11, 2020
d8NA7ePSjbU
Julian Edelman Offers Deal to DeSean Jackson, 'Come to Holocaust Museum' | TMZ
July 10, 2020
DURXCLehwPs
50 Cent Throws Table & Chairs During Fight In New Jersey | TMZ
July 09, 2020
AtywwZ4rB5U
'Honey Boy' Director Al'ma Harel Explains How 'Bombay Beach' Introduced Her to Shia LaBeouf
July 11, 2020
TW9HOfgdnxo
'The Baby-Sitter's Club' Star Momona Tamada Reveals Her Similarities to Her Character Claudia Kishi
July 10, 2020
3_crGuAKcKQ
'Proxima' Filmmaker Alice Winocour Describes What It's Like to Be A Female Director
July 10, 2020
G8dMHEW0Ht8
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
11
Jul
SPAIN: La Liga
Atletico Madrid - Real Betis
11
Jul
ITALY: Serie A
Juventus - Atalanta
11
Jul
ENGLAND: Premier League
Liverpool - Burnley
11
Jul
ENGLAND: Premier League
Sheffield United - Chelsea
11
Jul
SPAIN: La Liga
Real Valladolid - Barcelona
11
Jul
ITALY: Serie A
Brescia - Roma
11
Jul
ENGLAND: Premier League
Norwich City - West Ham United
11
Jul
ENGLAND: Premier League
Watford - Newcastle United
11
Jul
ITALY: Serie A
Lazio - Sassuolo
11
Jul
SPAIN: La Liga
Osasuna - Celta Vigo
10
Jul
SPAIN: La Liga
Real Madrid - Alaves
09
Jul
ENGLAND: Premier League
Aston Villa - Manchester United
09
Jul
ITALY: Serie A
Verona - Inter Milan
09
Jul
ENGLAND: Premier League
Bournemouth - Tottenham Hotspur
08
Jul
ENGLAND: Premier League
Brighton - Liverpool
08
Jul
SPAIN: La Liga
Barcelona - Espanyol
08
Jul
ITALY: Serie A
Roma - Parma
08
Jul
ENGLAND: Premier League
Manchester City - Newcastle United
08
Jul
ITALY: Serie A
Genoa - Napoli
07
Jul
ITALY: Serie A
AC Milan - Juventus
07
Jul
SPAIN: La Liga
Celta Vigo - Atletico Madrid
07
Jul
ENGLAND: Premier League
Arsenal - Leicester City
07
Jul
ENGLAND: Premier League
Crystal Palace - Chelsea
06
Jul
ENGLAND: Premier League
Tottenham Hotspur - Everton
05
Jul
ITALY: Serie A
Napoli - Roma
05
Jul
ENGLAND: Premier League
Southampton - Manchester City
05
Jul
SPAIN: La Liga
Villarreal - Barcelona
05
Jul
ENGLAND: Premier League
Liverpool - Aston Villa
05
Jul
ITALY: Serie A
Inter Milan - Bologna
05
Jul
SPAIN: La Liga
Athletic Bilbao - Real Madrid
04
Jul
ENGLAND: Premier League
Chelsea - Watford
04
Jul
ENGLAND: Premier League
Wolves - Arsenal
04
Jul
ITALY: Serie A
Lazio - AC Milan
04
Jul
ITALY: Serie A
Juventus - Torino
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
-g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM
Copyright © 2020 Feedimo. All Rights Reserved.