Trump v. Cook · ¶153

The Board “unquestionably exercises executive power, and must therefore be controlled by the Chief Executive, in whom such power is vested.” Slaughter, 609 U. S., at ＿＿＿ (slip op., at 27). The Board “has the power to promulgate substantive rules that carry the force of law.” Id., at ＿＿＿ (slip op., at 25); see supra, at 6–7. Cook can use her regulatory power, for example, to change the fees on consumer debit-card transactions. Corner Post, 603 U. S., at 805. The Board also has the power to impose monetary penalties, levy assessments, and examine private books and records. See supra, at 6–7; Seila Law, 591 U. S., at 206–207, 219 (plurality opinion). Since Cook was restored to her position, the Board has issued many orders banning private individuals from banking, punishable with civil and criminal penalties. See Board of Governors of the Federal Reserve, Enforcement Actions (July 28,…

slip opinion
Source edition
Passage preview. Read in context for the complete text, notes and references.