The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau.
WASHINGTON —
The CFPB case is among several major challenges to federal regulatory agencies on the docket this term for a court that has for more than a decade been open to limits on their operations. The CFPB, the brainchild of Democratic Sen. Elizabeth Warren of Massachusetts, has long been opposed by Republicans and their financial backers.
Justice Clarence Thomas reached back to the earliest days of the Constitution in his majority opinion to note that “the Bureau's funding mechanism fits comfortably with the First Congress' appropriations practice.”
Consumer Financial Protection Bureau Democratic Sen. Elizabeth Warren Of Massachusetts Elena Kagan Ketanji Brown Jackson Neil Gorsuch SCOTUS Samuel Alito The Federal Reserve U.S. Chamber Of Commerce
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