Supreme Court rejects challenge to CFPB funding

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22 күн бұрын

#supremecourt #cfpb #funding #yahoofinance
The Supreme Court voted 7-2 to reject attempts to undercut funding for the Consumer Financial Protection Bureau (CFPB). The move will allow the agency to maintain its current funding structure, which trade associations representing payday lenders and credit access companies argued was unconstitutional. Yahoo Finance's Legal Reporter Alexis Keenan breaks down this pivotal decision, shedding light on the motivation behind lenders' push to slash the agency's funding. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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Пікірлер: 39

@laurie9557 20 күн бұрын

A few years ago, I spent months trying to get help (fighting an identity thief) from multiple government agencies. Only the CFPB helped me.

@blacksquirrel4008 20 күн бұрын

Should not have even gotten that far.

@Lazaven 20 күн бұрын

As a mortgage broker, this is very pertinent news as the CFPB regulates my entire industry it’s one of the biggest things you learned about on the exam

@charlescarter7496 20 күн бұрын

Colour me surprised. about time common sense is shown in the sc

@jonathanhill6064 20 күн бұрын

ooooh snap! supreme court did the right thing! dafuq?

@Coffeebeard 20 күн бұрын

Most likely for the same reason Roberts upheld Obamacare back in the day - because of such precedent opening a pandora's box that would likely be imposed on *their* interests. Roberts understood striking it down would've made federal taxes more of a question than a mandate. I don't know that's what happened here with any certainty, I'm just saying it's usually a solid first line of reasoning when things like this happen with SCOTUS.

@abran-el 20 күн бұрын

CFPB is the only organization that help consumers theres nothing in between

@paulsaragosa371 20 күн бұрын

From the big Feliz Navidad

@MichaelKurse 20 күн бұрын

Congress can put limits on this bureaucracy at any time.

@user-ff4lr2jj5r 20 күн бұрын

If it is anything that helps ordinary Americans, you can be sure most conservatives are against it.

@stevenkuykendall1079 20 күн бұрын

Con-artist liberal bureaucrats that setup the program and are misusing the money are not ordinary Americans. The government only helps itself.

@Sir_Loin_ 20 күн бұрын

Conservatives??? Uhh more like liberals

@LSwick-ss6nm 20 күн бұрын

Considering they just said 75% of Republican lawmakers support it, your statement is pathetically biased and uninformed.

@v2occy809 20 күн бұрын

@@Sir_Loin_ Which social program did liberals wipe out?

@vg7985 20 күн бұрын

@@Sir_Loin_ Supreme Court judges are mostly conservative.

@Beitownit 20 күн бұрын

Thomas and Alito departed from each other. What a miracle!

@jerrypolverino6025 20 күн бұрын

This Supreme Court actually got something right? Damn!

@hwfranjr 20 күн бұрын

WE NEED COMPANYS TO BE CONTROLLED ON THEIR LOANS,IF NOT WE HAVE NOTHING BUT LOAN SHARKS!!!

@strykerentllc 20 күн бұрын

Cool story. Now do credit card (banks) lenders. Talk about predatory; how's over 20% APR taste? Where's CFPB at on that issue? Oh wait, the banks get their $ from the Federal Reserve which is a private entity.

@charlesrobert6211 20 күн бұрын

Why doesn't congress pass a law regulating predatory loans, fees and have the Dept of Justice enforce it like do all other laws? Creating another agency upon all the others only contributes to a bloated government with more expenses.

@cesars7281 20 күн бұрын

GOP in congress introduced a bill to lift credit card fee cap. Thats right, the party that can't agree on anything are trying to get together to let credit card companies charge you more money than the 30% interest lmao

@cesars7281 20 күн бұрын

@@Plutogalaxy Yes, letting the rich self regulate and control markets always works great for everyone. Things have only been getting better since we started massively deregulations and tax cuts since the 1970s right? So what has been happening? middle class earnings asbostely staying flat and middle class dying while the rich's wealth has grown thousands of times over.