U.S. Consumer Financial Protection Bureau

Judges divided in hearing on consumer agency power

Federal appeals judges are divided as they hear arguments over whether the president should be able to more easily fire the head of the government's consumer finance watchdog agency.

The U.S. Court of Appeals for the District of Columbia, in a rare hearing Wednesday by a majority of its judges, took up the politically charged case involving the Consumer Financial Protection Bureau and the power of its director. The judges are reconsidering a three-judge panel's 2-1 ruling last fall that would make it easier for President Donald Trump to fire CFPB Director Richard Cordray. He was appointed in 2011 by President Barack Obama.

Lawyers for the Trump administration and a company...