Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.

The Senate has narrowly approved President Joe Biden’s pick to run the Consumer Financial Protection Bureau, giving the bureau a director who is likely to embrace an aggressive “watchdog” role.

The nation’s consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash.

WASHINGTON The Supreme Court is making it easier for the president to fire the head of the Consumer Financial Protection Bureau. The high court on Monday struck from the law that created the agency restrictions on when the president can remove the bureaus director. The agency may ... continue to operate, but its Director, in light of our decision, must be removable by the President at will," Chief Justice John Roberts wrote. The decision doesnt have a big impact on the current head of the agency. Kathy Kraninger, who was nominated to her current post by the president in 2018, had said she believed the president could fire her at any time.