The US Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) as a federal agency and its funding structure as established by Congress, rejecting a constitutional challenge by the banking industry and preserving a broad set of regulations that govern everything from credit cards to personal loans and home
CFPB withstands constitutional challenge in Supreme Court
The justices rejected an argument that imperiled the CFPB, with a decision that protects people from unlawful financial services practices.