The Supreme Court has rejected a conservative-led attack that could’ve undermined the Consumer Financial Protection Bureau. The justices ruled Thursday the way the bureau is funded does not v…
The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court.
The CFPB case is among several major challenges to federal regulatory agencies on the docket this term for a court that has for more than a decade been open to limits on their operations. The CFPB, the brainchild of Democratic Sen. Elizabeth Warren of Massachusetts, has long been opposed by Republicans and their financial backers.
The federal appeals court in New Orleans, in a novel ruling, held that the funding violated the Constitution’s appropriations clause because it improperly shields the CFPB from congressional supervision. Justices Samuel Alito and Neil Gorsuch, Thomas’ colleagues in the court’s conservative bloc, dissented. “The Court upholds a novel statutory scheme under which the powerful Consumer Financial Protection Bureau may bankroll its own agenda without any congressional control or oversight,” Alito wrote.
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Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attackThe justices ruled 7-2 that the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages, car …
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Supreme Court sides with Consumer Financial Protection BureauThe Supreme Court on Thursday rejected a conservative-led effort that could have undermined the Consumer Financial Protection Bureau.
Lire la suite »
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attackThe Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau.
Lire la suite »
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attackThe Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau.
Lire la suite »
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attackThe Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau. The justices ruled Thursday the way the agency is funded does not violate the Constitution, reversing a lower court.
Lire la suite »
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attackThe Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau.
Lire la suite »