Skip to Content

Supreme Court says US president can remove head of Federal Housing Finance Agency

<i></i><br/>
KTVZ

By Ariane de Vogue, CNN Supreme Court Reporter

The US Supreme Court said Wednesday that the US president can remove the head of a federal agency charged with overseeing mortgage giants Freddie Mac and Fannie Mae.

The court invalidated the leadership structure of the agency, the Federal Housing Finance Agency, and sent a shareholder lawsuit back to the lower courts for further review.

The shareholders argued that they lost billions of dollars when the government reduced their ownership interests.

This story is breaking and will be updated.

Article Topic Follows: CNN - US Politics

Jump to comments ↓

CNN Newsource

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content