Companies hoping to evade CFPB don't get what they want from Supreme Court

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Consumer Financial Protection Bureau News

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The Supreme Court rejected an attempt to undercut funding of the CFPB, a financial watchdog that has clashed with companies since being created after the...

did not get what they wanted Thursday, as the Supreme Court rejected an attempt to undercut funding of the Washington financial watchdog.In the case — CFPB v. Community Financial Services Association of America — the high court held in a 7-2 decision that the agency’s funding meets the requirements of the Constitution’s

The lenders argued that that law could not satisfy the Appropriations Clause, which requires that when Congress designates funds from the Treasury it does so for a specific use. Jakub Porzycki/NurPhoto via Getty ImagesJust hours after Donald Trump and Joe Biden agreed to debate each other on CNN in June, the cable news network announced that the debate will be moderated by its anchors Jake Tapper and Dana Bash. The debate will take place in Atlanta at 9 p.m. on June 27, and will air live on CNN. It will be the first of at least two agreed upon presidential debates, with the second slated to be hosted by ABC on Sept. 10.

 

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