Washington — The Supreme Court on Thursday upheld the funding structure for the Consumer Financial Protection Bureau, or CFPB, rescuing the consumer finance agency from another effort by its ...
The Supreme Court on Thursday upheld, by a 7-2 vote, the Consumer Financial Protection Bureau’s funding structure — in effect, ending an argument that threatened to dismantle the agency. At issue was ...
The Supreme Court's decision undermines a central goal of the conservative legal ... puts to bed questions about whether the CFPB’s structure is constitutional," Kolodziej added. “This ruling upholds ...
The 2nd U.S. Circuit Court of Appeals, by contrast, found the CFPB’s funding structure constitutional, in a March 2023 ruling, setting up the Supreme Court showdown. “The Bureau’s funding ...
On May 16, 2024, the U.S. Supreme Court issued a significant opinion in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., upholding the funding ...
The U.S. Supreme Court upheld ... ruled that the CFPB's structure is unconstitutional because, instead of an annual congressional appropriation, Congress set the agency's funding at a capped ...
While that argument was rejected by a federal district court, it found favor with the U.S. Court of Appeals for the Fifth Circuit, which ruled in 2022 that the funding arrangement was unconstitutional ...
The U.S. Supreme Court upheld the manner in which the Consumer ... Congress created the CFPB after the 2008 financial crash to protect consumers from what were seen as predatory and deceptive ...
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 ...