Supreme Court rejects challenge to CFPB funding
- 29 days ago
#supremecourt #cfpb #funding
#supremecourt #cfpb #funding #yahoofinance
The Supreme Court voted 7-2 to reject attempts to undercut funding for the Consumer Financial Protection Bureau (CFPB). The move will allow the agency to maintain its current funding structure, which trade associations representing payday lenders and credit access companies argued was unconstitutional. Yahoo Finance's Legal Reporter Alexis Keenan breaks down this pivotal decision, shedding light on the motivation behind lenders' push to slash the agency's funding. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
#supremecourt #cfpb #funding #yahoofinance
The Supreme Court voted 7-2 to reject attempts to undercut funding for the Consumer Financial Protection Bureau (CFPB). The move will allow the agency to maintain its current funding structure, which trade associations representing payday lenders and credit access companies argued was unconstitutional. Yahoo Finance's Legal Reporter Alexis Keenan breaks down this pivotal decision, shedding light on the motivation behind lenders' push to slash the agency's funding. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith