The case, brought by payday lenders, posed an existential threat to the consumer-focused agency, though critics had dismissed it as being legally flimsy. In a major legal win for consumers, the U.S. Supreme Court on Thursday rejected an existential challenge to the Consumer Financial Protection Bureau (CFPB), ruling that the consumer watchdog does, indeed, have a legal funding structure.

BING NEWS:
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  • Decades-old lawsuit takes latest legal hurdle in court battle over more public funding
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    There are multiple federal questions Trump could raise to get SCOTUS to intervene, UCLA Prof. Rick Hasen told Salon.
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  • CFPB funding ruled legal by the Supreme Court, ending case that could’ve destroyed the watchdog
    The case, brought by payday lenders, posed an existential threat to the consumer-focused agency, though critics had dismissed it as being legally flimsy. In a major legal win for consumers, the U.S.
    05/16/2024 - 5:15 am | View Link
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