D.C. Circuit Grapples With CFPB Firings -- and Agency's Future

Also, SEC updates enforcement guidelines

At a nearly three-hour hearing today, the full D.C. Circuit grappled with how much power courts have to curb the Trump administration’s extraordinary gutting of the CFPB. Even the question of whether the consumer bureau is on the verge of being effectively shuttered, as its employees’ union contends, seemed difficult to answer.

On the one hand, the gover…