- Term
- 2023-2024
Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited
The Consumer Financial Protection Bureau (CFPB) is a federal agency dedicated to protecting Americans from the unfair, deceptive, or abusive practices of financial service corporations like exploitative payday lenders — the industry represented by the trade group Community Financial Services Association (CFSA). In this case, the Supreme Court could decide that the CFPB’s independent funding structure — and by extension, every regulation promulgated by the CFPB — is unconstitutional. At stake is the existence of the CFPB, the stability of the financial industry, and the funding structures of other government programs like Social Security and Medicare.
