Stay updated with breaking news from Appropriations Clause. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A ruling against the agency in a case now before the court would “likely throw the economy into recession,” financial scholars argued.
When the Supreme Court ruled against the federal agency that protects consumers from financial scams in 2020, it let the agency keep operating, opting for “a scalpel rather than a bulldozer in curing the constitutional defect.”
The Consumer Financial Protection Bureau, created in the aftermath of the 2008 financial crisis, faces an existential threat before the Supreme Court.
The Consumer Financial Protection Bureau, created in the aftermath of the 2008 financial crisis, faces an existential threat before the Supreme Court.
The Supreme Court justices at oral arguments Tuesday appeared hesitant to upend the Consumer Financial Protection Bureau (CFPB) by finding the agency’s funding mechanism unconstitutional. The case marks one of the biggest legal threats to the CFPB since its inception just over a decade ago, but the high court’s liberals and several conservatives voiced skepticism…