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The Supreme Court on Thursday issued a ruling upholding the funding structure of the Consumer Financial Protection Bureau, a key consumer watchdog and banking regulator.
The Supreme Court upheld the financial structure of the Consumer Financial Protection Bureau, a watchdog agency that has long been in the crosshairs of top conservatives.
The Supreme Court rejected a challenge on Thursday that could have paved the way for a consumer protection regulator to be dismantled.
The case had the potential to upend the bureau and its rulemaking abilities, but a 7-2 decision by justices upheld its funding structure.
The Supreme Court on Thursday rejected a business-backed challenge that could have scuttled the federal agency set up to protect consumers from shady financial...