WSJ.com – Appeals Court Deals Setback to Consumer-Watchdog Agency. Federal three-judge panel rules CFPB’s structure is unconstitutional but rejects idea of shutting down agency.

New York Times – Court Gives President More Power Over Consumer Agency Chief – An appeals court panel said the director of Consumer Financial Protection Bureau was too independent, so it gave the president the power to fire him at will.

• Decision by the U.S. Court of Appeals for the District of Columbia Circuit