Consumer Financial Protection Bureau

Supreme Court Shields Powerful Federal Agency from Future Congressional Oversight

Supreme Court Shields Powerful Federal Agency from Future Congressional Oversight

The U.S. Supreme Court has ruled in favor of maintaining the Consumer Financial Protection Bureau's (CFPB) unique funding structure, shielding the powerful federal agency from congressional oversight. The Supreme Court's decision allows the CFPB to continue receiving funds directly from its parent agency, the Federal Reserve, without yearly congressional oversight,…
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