Supreme Court Seems Leery Of Challenge To CFPB’s Constitutionality. ByEmily Mason, Former Staff. I cover fintech for Forbes' money team. Oct 04, 2023, 02:50pm EDT Oct 04, 2023, 02:50pm EDT.

However, conservatives argued that allowing CFPB to get as much as $600 million a year from the Fed rendered the agency unconstitutionally unaccountable to Americans’ elected representatives.

Each of the CFPB’s anomalous fiscal features—indefinite self-funding, discretion to choose any funding level between $0 and $750 million, ability to draw that funding from another insulated ...

In the first challenge to the CFPB, Acima argued that CFPB's investigation of the lease-to-own company is unconstitutional because the Fed does not have earnings to fund the CFPB. The other companies ...

The CFPB’s funding mechanism is the subject of the pending challenge by associations of regulated lenders, in an effort to invalidate an agency rule that regulated lenders’ preauthorized ...

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab ...

On May 1, the CFPB filed a joint motion with two financial trade groups to vacate a Biden-era rule barring most medical debt from appearing on consumer credit reports. The motion comes after ...

In its response, the CFPB did not address the constitutionality of its funding structure but argued that the defendants’ intention to challenge the CFPB’s funding mechanism could have been ...

In a 5-4 Supreme Court decision two years ago, the bureau’s rulemakings survived intact. But a pair of pending cases that challenge the agency's funding through the Federal Reserve are again seeking ...

A federal judge has halted a CFPB rule aimed at removing unpaid medical debt from credit reports, impacting 15 million Americans. The decision underscores the ongoing debate over the role of medical ...

As we have highlighted previously (here and here), the Consumer Financial Protection Bureau (CFPB) has continued to undergo significant changes under the second Trump Administration. However ...

The real threat to the Fed would be a judicial decision upholding the CFPB—and thereby letting Congress treat the central bank as the administrative state’s slush fund.