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The Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau. The justices ruled Thursday the way the agency is funded does not violate the Constitution, reversing a lower court.
The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing praises from consumers. Justice Clarence Thomas wrote the majority opinion, splitting with his frequent allies, Justices Samuel Alito and Neil Gorsuch, who dissented.
'The Court repudiated the arguments of the payday loan lobby and made it clear that the CFPB is here to stay,' the bureau crows.
The average rate for a 30-year fixed mortgage has climbed to 7.13%, according to the Mortgage Bankers Association.
The National Community Reinvestment Coalition is renewing ties with KeyBank, following an acrimonious split in 2022 between the onetime partners.