07/05/2026 07:23 am
WASHINGTON—The U.S. Supreme Court's recent decision strengthening presidential authority over independent federal agencies has fundamentally changed the debate over reforming the Consumer Financial Protection Bureau (CFPB), according to a new analysis from the Cato Institute. Rather than continuing to push for replacing the bureau's single-director structure with a bipartisan commission, Congress should instead focus on limiting the agency's powers, changing its funding structure and tightening statutory guardrails, the report argues.