Challenging The CFPB After CFPB v. CFSA
On May 16, 2024, the United States Supreme Court issued its long-awaited opinion in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., holding that the CFPB’s unique funding mechanism does not violate the Appropriations Clause of the Constitution. The 7-2 opinion resolves an important constitutional question and, for the moment, is a green light for the CFPB’s enforcement and regulatory activities. However, there remain opportunities to challenge widespread over-reach by the agency.
CFPB v. […]