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.
Tagovailoa misses Dolphins' OTA day to attend Saban's charity golf tournament
China brings opportunities rather than risks to world, expert says
Xi Calls for Solid Efforts to Further Development of Central Region
China eyes increased investment in rural NEV charging facilities
Drew Faurot's 2 doubles and a homer lead Florida State past Georgia Tech 12
Hayao Miyazaki's animated fantasy leads Chinese box office
Safe, healthy cyberspace key for young people
Xi Extends Condolences to Putin over Deadly Moscow Concert Hall Terror Attack
Guardians pitcher Carlos Carrasco placed on IL and won't face his former team, the Mets
Xi replies to letter from Iowa's Muscatine High School students
Closing prices for crude oil, gold and other commodities
Safe, healthy cyberspace key for young people