This Week In Credit Card News: Concerns Rise On Consumer Spending
What took place this week in the credit card and payment industries
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What took place this week in the credit card and payment industries
The Supreme Court's justices seemed to be hesitant to upend the Consumer Financial Protection Bureau (CFPB) which is currently facing a Constitutional challenge.
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.
Tuesday’s battle over the Consumer Financial Protection Bureau (CFPB) is the first in a string of Supreme Court cases this term that could dramatically reel in bureaucratic power. The court is taking on the authority of federal agencies in earnest this term, with several high-profile arguments implicating the administrative state still to come. Among the…
After the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau to protect consumers from things like excessive and predatory fees. But a new case before the US Supreme Court could gut the CFPB.