A provision in the Dodd-Frank Act creates a single director to lead the CFPB and limits the president’s ability to remove the CFPB director during his fiveyear term. PHH Corporation, a New Jersey company, challenged this provision in federal court, arguing that it was an unconstitutional interference with the president’s powers as chief executive of the federal government.

CASE QUESTIONS

1. In your opinion, should the president have the ability to fire the director of the CFPB? Why or why not?

2. Other federal agencies created by Congress, like the FCC and FTC, have multiple directors. Why do you think Congress created a single-director structure for the CFPB when it enacted Dodd-

Frank?