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 ...
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 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 United States Supreme Court ... this funding scheme was to insulate the CFPB from the Congressional appropriations process so the CFPB could focus solely on consumer protection ...
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 ...
The Biden administration, which appealed the lower court’s ruling to the Supreme Court, also warned a decision to strike down the CFPB’s funding structure could spell doom for other federal ...
The Consumer Financial Protection Bureau’s funding stream ... “The United States Supreme Court followed the law and the CFPB is here to stay,” “This news is fabulous,” Warren added.
"The Supreme Court has rejected their radical theory. This ruling upholds the fact that the CFPB's funding structure is not novel or unusual, but in fact an essential part of the nation's financial ...