The outcome of a Supreme Court battle over the leadership of an agency that overseesconsumer financial products like student loans and mortgages could shake upindependent agencies like the Federal Energy Regulatory Commission.Parties on both sides of Seila Law LLC v. Consumer Financial Protection Bureau haveargued that limitations on the president's power to remove CFPB's single director violatethe separation of powers under the U.S. Constitution, prompting the Supreme Court toappoint independent counsel to support the lower court's finding that the agency'sstructure is lawful.
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