The Supreme Court said in a 7 to 2 decision that the CFPB's funding structure complies with the Constitution's Appropriations Clause.
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 ...
The U.S. Supreme Court upheld the manner in which the Consumer Financial Protection Bureau is funded. The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit.
In a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does not violate the ...
The U.S. Supreme Court upheld the manner in which the Consumer Financial Protection Bureau is funded. The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit.
Justice Clarence Thomas wrote the majority opinion deeming the bureau's funding structure constitutional. In a 7-2 ruling issued Thursday, the U.S. Supreme Court rejected a challenge to the funding ...
International law firm Dorsey & Whitney partner Joseph Lynyak is one of the US’ foremost experts on US financial regulatory ...