Is the Consumer Financial Protection Bureau constitutional?

The Consumer Financial Protection Bureau (CFPB) was created in 2010 by the Dodd-Frank Act to help reform Wall Street practices. But last week the D.C. Circuit Court of Appeals ruled that the CFPB was unconstitutional.

The case provides a new episode for a long-running series we might (if we wanted to have the worst Netflix show ever) call “The Constitutional Politics of Bureaucratic Structure.” The basic plot conflict: Who gets to fire federal officials? The court’s answer: the president.