WASHINGTON — The Supreme Court agreed Monday to decide on the constitutionality of the Consumer Financial Protection Bureau, created in the wake of the 2008 Wall Street collapse and funded directly by the Federal Reserve.
The case poses a threat to an array of independent agencies, including potentially the Federal Reserve.
The court's conservatives have been skeptical of the notion that agencies can operate outside the direct control of the president and Congress. But it is not clear how far they will go to rein in these agencies, all of which were created by Congress.
