Supreme Court will hear case challenging Consumer Financial Protection Bureau funding
Publishing timestamp: 2023-02-27 11:45:12
Summary
The Supreme Court has agreed to hear arguments in a case that challenges the constitutionality of the funding of the Consumer Financial Protection Bureau. The ruling, which was issued by a federal appeals court panel, called into question every order and other action issued by the consumer watchdog in its history. The Biden administration has asked the Supreme Court to hear its appeal of the ruling, and the court has agreed to do so. Supporters of the CFPB have argued that the agency's funding structure should be upheld, while opponents have argued that it violates the Constitution.
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Keywords: personal finance, federal reserve system, court decisions, consumer financial protection bureau, business news, business, politics, wells fargo & co, breaking news: politics, laws, congress, us supreme court,