The Supreme Court rejected a challenge on Thursday to the way the Consumer Financial Protection Bureau is funded, one that could have hobbled the bureau and advanced a central goal of the conservative legal movement.
Had the bureau lost, the court's ruling might have cast doubt on every regulation and enforcement action it had taken in its 13 years of existence, including ones concerning mortgages, credit cards, consumer loans and banking.
#consumer-financial-protection-bureau #supreme-court-ruling #appropriations-clause #financial-regulation #government-agencies
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