The Supreme Court voted 7-2 to reject attempts to undercut funding for the Consumer Financial Protection Bureau (CFPB). The move will allow the agency to...
The Supreme Court voted 7-2 to reject attempts to undercut funding for the Consumer Financial Protection Bureau . The move will allow the agency to maintain its current funding structure, which trade associations representing payday lenders and credit access companiesSo this is a 72 decision, and what it did is it allowed the CFP B to really stay in force.And one of the reasons is this.
These lenders say that because the bureau draws its money from the Federal Reserve and not from this direct edict from Congress that that doesn't work but no The Supreme Court here, uh, saying in the majority that it is OK that that's enough authority from Congress now, uh, the CFP V to kind of go back and talk about briefly the things it's trying to do.
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CFPB The Supreme Court Funding Payday Lenders
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