Washington — The Supreme Court on Thursday upheld the funding structure for the Consumer Financial Protection Bureau, or CFPB, rescuing the consumer finance agency from another effort by its ...
The preliminary injunction also linked the fate of the credit card late fee rule with the pending outcome of the CFPB’s funding structure constitutionality case, stating, “If the Court denies ...
The Supreme Court upheld the funding structure for the Consumer Financial Protection Bureau on Thursday, turning aside an ...
The ruling upholds the CFPB’s funding structure and suggests that other government entities with permanent funding structures are here to stay. The case centered on trade associations ...
Justice Clarence Thomas wrote the majority opinion deeming the bureau's funding structure constitutional. In a 7-2 ruling issued Thursday, the U.S. Supreme Court rejected a challenge to the funding ...
Then, last year, the 5th Circuit Court of Appeals ruled that the CFPB's structure is unconstitutional because, instead of an annual congressional appropriation, Congress set the agency's funding ...
The ruling also overturns a federal appeals court panel’s decision in October 2022 that found the CFPB’s funding structure was unconstitutional, with the Louisiana-based lower court stating ...
The 2nd U.S. Circuit Court of Appeals, by contrast, found the CFPB’s funding structure constitutional, in a March 2023 ruling, setting up the Supreme Court showdown. “The Bureau’s funding ...
Then, last year, the 5th Circuit Court of Appeals ruled that the CFPB's structure is unconstitutional because, instead of an ...
International law firm Dorsey & Whitney partner Joseph Lynyak is one of the US’ foremost experts on US financial regulatory ...