The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau.
The justices ruled 7-2 that the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance.
Wow! A rare decision in favor of the consumer! In general, it probably should have some sort of oversight elsewhere, but that should probably wait until we make it illegal to have the bribery that goes on every day in Congress.
If the R’s take back the White House, this will probably be on the chopping block.