The Supreme Court said in a 7 to 2 decision that the CFPB's funding structure complies with the Constitution's Appropriations Clause.
The Court highlighted two founding-era agencies—the Customs Service and the Post Office—and described how their fee-based, standing appropriations serve as precedent for the CFPB's funding structure.
Then, last year, the Fifth 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 at ...
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 ...
Justices Neil Gorsuch and Samuel Alito dissented. Congress created the CFPB after the 2008 financial crash to protect consumers from what were seen as predatory and deceptive practices by ...
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 ...
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 at a ...