Supreme Court upholds CFPB funding method, preserving its independence.
The Supreme Court has rejected a conservative challenge to the Consumer Financial Protection Bureau (CFPB), upholding its funding method. This decision allows the CFPB to continue drawing funds from the Federal Reserve as it has been since its inception. The court's ruling maintains the CFPB's independence, ensuring it can regulate consumer finance without political interference.
May 16, 2024
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