Consumer Financial Protection Bureau v. Community Financial
5 (142) · € 30.50 · En Stock
The Supreme Court heard oral argument in [Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America], a case that could determine the fate of the federal agency. The justices were to decide the constitutionality of the CFPB
The Supreme Court heard oral argument in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America, a case that could determine the fate of the federal agency. The justices were to decide the constitutionality of the CFPB’s funding structure. This case stemmed from the agency’s Payday Lending Rule. Two associations filed suit citing the rule as invalid because the agency’s funding violates the Appropriations Clause. The CFPB gets its money from the Federal Reserve, not Congress. The Federal Reserve receives its funding from Federal Reserve Banks. The CFPB was created in 2010 under the Dodd-Frank Act, which was in response to the 2008 financial crisis. When this case came before the U.S. Court of Appeals for the Fifth Circuit, it ruled against the CFPB. The federal government appealed to the nation’s highest court. The justices have through June 2024 to issue a ruling.
Supreme Court Preview: Consumer Financial Protection Bureau v
Gender Justice on X: Today at 11 am: hear from our award-winning
Supreme Court Hears Challenge to Agency Tasked With Helping
The CFPB's Blank Check—or, Delegating Congress's Power of the
California Reinvestment Coalition v. CFPB - Democracy Forward
Will Separation of Powers Survive in High Court Challenge to
Demand Progress on X: New this AM, SCOTUS will hear an appeal to
CFPB says employee sent confidential data of 256,000 consumers to
Brief of Amici Curiae Financial Regulation Scholars in Community Financial Services Association and Consumer Service Consumer Financial Protection Bureau - Wikipedia Community Financial Services Association of America Ltd v
