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CFPB Asks Supreme Court To Rule On Its Constitutionality

CFPB Asks Supreme Court To Rule On Its Constitutionality
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Appeals court ruling threatens to unravel Consumer Financial Protection Bureau

A federal appeals court's severe blow to the Consumer Financial Protection Bureau is poised to chill the agency's financial oversight authority and possibly imperil much of the work it has already carried out.

Funding structure for consumer agency violates separation of powers, 5th Circuit says

A federal appeals court has ruled that the funding structure for the Consumer Financial Protection Bureau is unconstitutional because it is funded by the Federal Reserve System, rather than Congress.

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