October 18, 2019 / 6:54 PM / a month ago

U.S. Supreme Court takes up challenge to consumer protection agency

WASHINGTON, Oct 18 (Reuters) - The U.S. Supreme Court on Friday agreed to hear a challenge backed by President Donald Trump’s administration to the structure of a federal agency that protects consumers in the financial sector.

The nine justices will hear an appeal involving the Consumer Financial Protection Bureau brought by a law firm that had been investigated by the agency, arguing that its structure infringes on presidential powers as laid out in the U.S. Constitution. Trump and his fellow Republicans have sought to undermine the agency, created under his Democratic predecessor Barack Obama in 2011 in the aftermath of the financial crisis. (Reporting by Lawrence Hurley; editing by Will Dunham and Grant McCool)

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