The issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under the Federal Reserve System ...
The Supreme Court held in a 7-2 ruling Thursday that the Consumer Financial Protection Bureau's funding structure — whereby their operating costs are paid by the Federal Reserve subject to a cap ...
The Supreme Court on Thursday upheld, by a 7-2 vote, the Consumer Financial Protection Bureau’s funding structure — in effect, ending an argument that threatened to dismantle the agency.
On May 16, 2024, the U.S. Supreme Court issued a significant opinion in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., upholding the funding ...
The U.S. Supreme Court upheld the manner in which the Consumer Financial Protection Bureau is funded. The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit ...