The Supreme Court on Friday said it will consider whether an Obama-era financial watchdog --- created in part by Democratic 2020 frontrunner Elizabeth Warren in 2010 to police Wall Street in the aftermath of the Great Recession — is constitutional. The Consumer Financial Protection Bureau is an independent agency of the U.S. government, responsible for consumer protection in the financial sector. “Big banks and their Republican allies have been trying to kill the CFPB for years, and the Trump administration is hoping the right-wing, pro-corporate Supreme Court will help. Critics of the bureau say the Constitution gives the president the power to remove top-ranking executive branch officials for any reason or none at all. A three-judge panel on the Circuit Court of Appeals in Washington, which included then-Judge Brett Kavanaugh before he became a Supreme Court Justice, ruled the CFPB was unconstitutional.

Source: Fox News October 19, 2019 10:41 UTC