Tag: Consumer Protection Financial Bureau

  • SCOTUS upholds Consumer Financial Protection Bureau funding structure

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    The U.S. Supreme Court on May 16, 2024, held 7-2 in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited that Congress statutorily authorized the Consumer Financial Protection Bureau (CFPB) to draw money directly from the Federal Reserve System. The court ruled that the CFPB’s funding structure therefore does not violate the…