The Decision Is In The Supreme Court Upholds The Cfpb S Funding

The Decision Is In The Supreme Court Upholds The Cfpb S Funding The high court, in a 7 2 decision, rejected an argument by payday lenders that congress’s decision more than a decade ago to insulate the cfpb from the annual budget debate ran afoul of the. The cfpb’s funding scheme falls squarely within this definition of a congressional “appropriation,” thomas concluded: congress specified the source – the federal reserve – from which the cfpb can draw its funding, and it indicated how the cfpb is supposed to use that funding. the court therefore reversed the 5th circuit’s decision.

Supreme Court Upholds Cfpb Funding Structure Yesterday, the u.s. supreme court issued its long awaited decision in community financial services association of america, limited (cfsa) v. consumer financial protection bureau (cfpb or bureau) holding that the cfpb’s special funding structure does not violate the appropriations clause of the constitution. the 7 2 majority held the dodd. Al drago getty images. the u.s. supreme court on thursday upheld the structure of the consumer financial protection bureau, the watchdog agency set up by congress after the 2008 financial crash to. In a dissenting opinion, alito said the ruling in favor of the cfpb "turns the appropriations clause into a minor vestige." he said that under the funding scheme upheld by the court, the consumer. The 7 2 decision, authored by conservative justice clarence thomas, reversed a lower court's ruling that the cfpb's funding design violated a provision of the u.s. constitution called the.