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CFPB withstands constitutional challenge in Supreme Court

Image of Senator Elizabeth Warren (D-MA)
Photo: Mark Wilson/Getty Images

Julie DiMauro

2 min read
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The justices rejected an argument that imperiled the CFPB, with a decision that protects people from unlawful financial services practices.

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

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