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Supreme Court Rejects Challenge To Defund Controversial Consumer Agency
Supreme Court Rejects Challenge To Defund Controversial Consumer Agency
The U.S. Supreme Court rejected a challenge on Thursday that could have paved the way for a consumer protection regulator to be dismantled. By a ruling of 7-2, the court determined that the Consumer Financial Protection Bureau (CFPB) 's unconventional funding mechanism is constitutional, delivering a setback to the business interests behind the challenge. Two trade associations representing financial services firms...
5.16.24