Richard Cordray

Appeals court will reconsider ruling on consumer agency

A federal appeals court said Thursday it will reconsider an earlier ruling that would have made it easier for President Donald Trump to fire the head of the government's consumer finance watchdog agency.

The decision offers at least temporary job security for Richard Cordray, the director of the Consumer Financial Protection Bureau who has been attacked by Republicans for his aggressive oversight of the banking industry.

A divided three-judge panel had ruled last year that the way the bureau is organized violates the Constitution's separation of powers by limiting the president's ability to fire the agency director. That 2-1 ruling would have given Trump the power to dismiss...