Comment on CFPB funding ruled legal by the Supreme Court, ending case that could’ve destroyed the watchdog

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. 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.

 

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