Payday Lenders Get Their Asses Handed To Them During Anti-CFPB Supreme Court Arguments
The case to dismantle the CFPB ran into a hammer from the three liberal justices and marked skepticism from at least two of the conservatives.
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The case to dismantle the CFPB ran into a hammer from the three liberal justices and marked skepticism from at least two of the conservatives.
By Elisabeth Buchwald, CNN
The Consumer Financial Protection Bureau’s defenders may have won over some of the Supreme Court’s conservative justices.
Yesterday the Supreme Court heard oral argument in Consumer Financial Protecion Bureau v. Community Financial Services Association of America, a case…
The brainchild of Elizabeth Warren and a product of the 2010 Dodd-Frank Act, the Consumer Financial Protection Bureau is fighting for its life against a court case brought by payday lenders that argue its funding structure is not constitutional.