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The Supreme Court is expected to hear a case this week challenging the funding model of the Consumer Financial Protection Bureau .is to ensure Americans “are treated fairly by banks, lenders and other financial institutions.” A group of payday lenders are arguing its funding model makes it overly insulated from congressional oversight.argued the design of the CFPB is “unconstitutional” and violates the separation of powers outlined in the constitution.
Instead of being able to celebrate that achievement, the agency is in a fight for its life — and if it loses, we’ll all be poorer for it. On Tuesday, the Supreme Court will hear a case filed by a trade group of payday-loan lenders against the CFPB. Last year, the U.S....A case due to come before the U.S. Supreme Court next week has the potential to expose every federal bank regulator to political inference while also jeopardizing Social Security and Medicare, the federal health insurance program, U.S. Senator Elizabeth Warren said on Thursday.
The court next week is due to hear arguments in a challenge to the constitutionality of the U.S. Consumer Financial Protection Bureau's funding. The Biden administration has said the case threatens the agency's ability to function, which would undermine the federal government's capacity to protect financial...The Supreme Court begins a new term on Monday, and its first week includes some important repair work on the Constitution’s separation of powers.
Democrats in Congress constructed the CFPB to be insulated from accountability by the political branches. This fits the progressive vision of an administrative state run by supposed experts who will instruct Americans on proper behavior whether they like it or not.
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