US Supreme Court upholds CFPB's funding mechanism under the Appropriations Clause.

The US Supreme Court ruled in a 7-2 decision that the Consumer Financial Protection Bureau's (CFPB) funding mechanism is constitutional under the Appropriations Clause. The Court determined that the statute providing the Bureau's funding meets the requirements for an appropriation law. This decision upholds the CFPB's funding model, which has faced legal challenges from conservative groups.

May 16, 2024
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