President Trump has the power to remove CFPB Director Richard Cordray now and does not have to wait for a federal court to rule on the whether the agency's structure is constitutional, three conservatives told a House subcommittee Tuesday.
"Please do not wait for the courts to fix Dodd-Frank," said Adam White, a research fellow at the Hoover Institution, a think tank.
The president has the responsibility to protect the Constitution and not enforce an unconstitutional law, Theodore Olson, an attorney with Gibson, Dunn & Crutcher told the House Financial Services Oversight Subcommittee.
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