The U.S. Supreme Court ruled Wednesday that the director of the Federal Housing Finance Agency can be removed at will by the president, overturning the current structure that allows the director to be removed before the end of their five-year term for cause. The decision in Collins v. Yellen found that the FHFA’s structure is unconstitutional.
SCOTUS rules that FHFA director can be removed at will
June 23, 2021
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