The Supreme Court said in a 7-2 decision that the Consumer Financial Protection Bureau's funding structure complies with the ...
The Court highlighted two founding-era agencies—the Customs Service and the Post Office—and described how their fee-based, standing appropriations serve as precedent for the CFPB's funding structure.
In a 7-2 ruling issued Thursday, the U.S. Supreme Court rejected a challenge to the funding structure of the Consumer ...
Then, last year, the Fifth Circuit Court of Appeals ruled that the CFPB's structure is unconstitutional because, instead of an annual congressional appropriation, Congress set the agency's funding at ...
The Supreme Court on Thursday rejected a challenge to the constitutionality of the structure used to fund the Consumer ...
The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit. Justices Neil Gorsuch and ...
Justices Neil Gorsuch and Samuel Alito dissented. Congress created the CFPB after the 2008 financial crash to protect consumers from what were seen as predatory and deceptive practices by ...
The ruling upholds the CFPB’s funding structure and suggests that other government entities with permanent funding structures are here to stay. The case centered on trade associations representing ...
Then, last year, the 5th Circuit Court of Appeals ruled that the CFPB's structure is unconstitutional because, instead of an annual congressional appropriation, Congress set the agency's funding ...