Supreme Court upholds CFPB funding mechanism, rejecting conservative challenge

The Supreme Court on Thursday rejected a broad challenge to the Consumer Financial Protection Bureau, reversing a lower-court ruling that would have undermined the watchdog agency Congress created 12 years ago in the wake of the financial crisis. Democracy Dies in Darkness Supreme Court rejects broad challenge to consumer watchdog CFPB The Biden administration urged the Supreme Court to reject an appeals court decision that cast doubt on Congress’s authority to decide how to fund an agency. Updated May 16, …