WASHINGTON (AP) — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau.
The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing praises from consumers. Justice Clarence Thomas wrote the majority opinion, splitting with his frequent allies, Justices Samuel Alito and Neil Gorsuch, who dissented.
The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. The case was brought by payday lenders who object to a bureau rule that limits their ability to withdraw funds directly from borrowers’ bank accounts. It’s among several major challenges to federal regulatory agencies on the docket this term for a court that has for more than a decade been open to limits on their operations.
Related articles:
Related suggestion:
Kansas has a new antiI'm a neurologistAt playoff time, NHL teams march to the beat of their goaltenders and count on them to save the dayWesley Bryan has a big finish to restore lead at Puntacana on the PGA TourPriest resigns from Michigan church after protests over his criticism of a gay authorCrews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanupMan who won primary election while charged with murder convicted on lesser chargeCanucks' Rick Tocchet among new coaches making an impact in leading teams to NHL playoffsJonathan Tetelman recalls his journey from a nightclub DJ to an international opera starYankees delay DJ LeMahieu's minor league rehab assignment because foot has not fully healed
3.4618s , 6496.21875 kb
Copyright © 2024 Powered by Supreme Court: CFPB funding doesn't violate Constitution ,Culture Curves news portal