The Consumer Financial Protection Bureau is on the line Tuesday at the Supreme Court.
The government agency created after the 2008 financial crisis to protect Americans from predatory and deceptive businesses practices is on the line Tuesday at the, the independent watchdog and banking regulator, in a case that could impact anyone who has a mortgage, loan or credit card.
They want the court to invalidate everything the CFPB has done since its inception because of the allegedly illegal arrangement.
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US Supreme Court to hear case targeting consumer financial watchdogThe U.S. Supreme Court is set on Tuesday to hear a challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB), a consumer watchdog established after the 2008 global financial crisis, in the first of several cases during its new term that could curb the power of federal agencies.
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Consumer bureau poised for the fight of its life before Supreme CourtMany Democrats see the case as part of a broad-based attack on the regulatory state by Republicans eager to bring challenges before the Supreme Court.
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Consumer watchdog agency's fate at Supreme Court could nix other agencies tooPayday lenders argue that the CFPB's funding structure is unconstitutional because it's not funded by money appropriated by Congress. The argument threatens the existence of other agencies, too.
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Consumer watchdog is in the crosshairs as Supreme Court weighs legal challengeThe case involving the Consumer Financial Protection Bureau is one of several conservative-backed efforts before the justices aimed at weakening federal agencies.
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Consumer watchdog agency's fate at Supreme Court could nix other agencies tooPayday lenders argue that the CFPB's funding structure is unconstitutional because it's not funded by money appropriated by Congress. The argument threatens the existence of other agencies, too.
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