The Supreme Court said in a 7-2 decision that the Consumer Financial Protection Bureau's funding structure complies with the ...
The issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under the Federal Reserve System ...
In a 7-2 ruling issued Thursday, the U.S. Supreme Court rejected a challenge to the funding structure of the Consumer ...
The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit. Justices Neil Gorsuch and ...
The Supreme Court upheld the funding structure for the Consumer Financial Protection Bureau on Thursday as constitutional.
The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least one district judge to pause a CFPB rule pending the high court's opinion.
The Supreme Court on Thursday ruled the funding mechanism of the Consumer Financial Protection Bureau complies with the ...
Frank Act 2010. It is funded by a capped sum provided by the Federal Reserve. Other US federal agencies are funded by ...
The Supreme Court ruled in favor of the Consumer Financial Protection Bureau, affirming that its special funding structure ...
The case had the potential to upend the bureau and its rulemaking abilities, but a 7-2 decision by justices upheld its ...
On May 16, 2024, the U.S. Supreme Court, in a 7-2 decision, ruled that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution. That ruling is discussed here.
The Supreme Court on Thursday rejected a constitutional challenge to the way the Consumer Financial Protection Bureau is ...