On June 29, 2020, the Supreme Court ruled that the Consumer Financial Protection Bureau (CFPB), a governmental agency run by a single director, was unconstitutional because it violated the Constitution’s separation of powers. The Supreme Court’s decision did not dismantle the CFPB outright and it will continue to run as an independent agency, but the president may now remove the director “at will.” Prior to this ruling, the single director could only be removed by the president for “inefficiency, neglect of duty or malfeasance in office.” The Supreme Court’s complete ruling can be found here.
