Justices hear a challenge to lower-court ruling that said the funding mechanism for the Consumer Financial Protection Board was unconstitutional.
Congress adopted to ensure the CFPB’s independence violated the Constitution. Some conservative justices who are normally suspicious of the power of federal agencies also voiced concerns, wondering if the challenge went too far.
The agency at the center of the controversy was created by Congress in response to the 2008 financial crisis, putting scattered federal consumer protections under one structure.who at the time advised the Obama administration, played a lead role in the legislation. In a speech last week defending the agency, Warren said the CFPB has returned $17 billion to consumers.
Prelogar faced tough questioning from some of the conservative justices, who wondered what the limits should be on Congress giving up its power of the purse to the executive branch. Kavanaugh objected to Francisco saying Congress had set up a perpetual funding source for the CFPB. That “implies that it’s entrenched and that a future Congress couldn’t change it,” Kavanaugh said. “But Congress could change it tomorrow, and there’s nothing perpetual or permanent about this.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court to hear challenge to consumer watchdog, Consumer Financial Protection BureauThe Consumer Financial Protection Bureau is on the line Tuesday at the Supreme Court.
Read more »
Supreme Court Justices Wary of Argument Against Financial Watchdog’s FundingA lawsuit that could hobble the Consumer Financial Protection Bureau faced a skeptical court.
Read more »
Opinion: How far are the Supreme Court justices willing to go to remake constitutional law?A new term is beginning with cases on gun rights and administrative agencies already on the docket. Later, the court is likely to decide whether Donald Trump is disqualified from running for president.
Read more »
The Supreme Court justices are taking the bench for the first time since JuneThe Supreme Court justices are taking the bench for the first time since late June
Read more »
The Supreme Court justices are taking the bench for the first time since JuneThe justices are taking the bench at the Supreme Court for the first time since late June, with their new term beginning Monday.
Read more »
The Supreme Court justices are taking the bench for the first time since JuneThe term is shaping up as an important one for social media as the court continues to grapple with applying older laws and rulings to the digital age.
Read more »