The issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under the Federal Reserve System ...
The U.S. Supreme Court upheld the manner in which the Consumer Financial Protection Bureau is funded. The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit.
The Supreme Court on Thursday upheld, by a 7-2 vote, the Consumer Financial Protection Bureau’s funding structure — in effect, ending an argument that threatened to dismantle the agency.
The U.S. Supreme Court upheld the manner in which the Consumer Financial Protection Bureau is funded. The opinion was written by Justice Clarence Thomas who reversed the decision of the Fifth Circuit.