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The U.S. Justice Department argued Friday that the Consumer Financial Protection Bureau should be stripped of its independence, a reversal of an earlier stance that the president only had the power to remove the Obama-era agency’s director for cause, not at will.

Justice Department lawyers told a Washington federal appeals court that the CFPB’s single-director design “lacks those critical structural attributes that have been thought to justify ‘independent’ status for multi-member regulatory commissions.”

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