In a 7-2 decision, the Supreme Court ruled that the funding mechanism that feeds the Consumer Financial Protection Bureau is constitutional.
The Supreme Court ruled on Thursday that the funding mechanism that feeds the Obama-era agency Consumer Financial Protection Bureau is constitutional. In a 7-2 decision, authored by Justice Clarence Thomas, the court held that Congress uniquely authorized the bureau to draw its funding directly from the Federal Reserve System, therefore allowing it to bypass the usual funding mechanisms laid out in the Appropriations Clause of the Constitution.
'The statute that authorizes the Bureau to draw money from the combined earnings of the Federal Reserve System to carry out its duties satisfies the Appropriations Clause,' the opinion states. CLARENCE THOMAS SAYS HE RECEIVES 'NASTINESS' FROM CRITICS, DESCRIBES D.C.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Supreme Court upholds funding structure for CFPBThe opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit. Justices Neil Gorsuch and Samuel Alito dissented.
Lire la suite »
Supreme Court upholds CFPB funding scheme, rejecting conservative challengeThe Supreme Court on Thursday ruled the funding mechanism of the Consumer Financial Protection Bureau does comply with the appropriations clause, reversing an appeals court decision that found it unconstitutional.
Lire la suite »
Supreme Court upholds funding structure for CFPBThe opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit. Justices Neil Gorsuch and Samuel Alito dissented.
Lire la suite »
Sen. Lindsey Graham reveals potential phone hack involving someone impersonating Sen. Chuck SchumerSen. Lindsey Graham said Thursday that the FBI took possession of his phone after someone attempted to trick the South Carolina Republican into thinking he was communicating with Senate Majority Leader Charles E. Schumer.
Lire la suite »
Nevada Supreme Court rules in favor of abortion rights group over ballot measure languageThe Nevada Supreme Court determined the abortion rights ballot measure was improperly blocked because the language was all germane.
Lire la suite »
Supreme Court rules in favor of property owners suing Texas over flood damageAttorneys for the plaintiffs call it a 'victory' that increases property rights protections in Texas.
Lire la suite »