WASHINGTON — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing praises from consumers. Justice Clarence Thomas wrote the majority opinion, splitting with his frequent allies, Justices Samuel Alito and Neil Gorsuch, who dissented. [time-brightcove not-tgx=”true”] The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance.

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  • Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
    WASHINGTON (AP) — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the ...
    05/16/2024 - 4:37 am | View Link
  • Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
    The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. The case was brought by payday lenders who object to a bureau rule that limits ...
    05/16/2024 - 3:57 am | View Link
  • Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
    President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers WASHINGTON ...
    05/15/2024 - 2:23 pm | View Link
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