The U.S. Supreme Court in February agreed to review a ruling by the U.S. Court of Appeals for the Fifth Circuit that the CFPB’s funding structure violated the Constitution’s appropriations clause. The case is set to be heard next term.
March 24, 2023 at 03:34 PM
3 minute read
A three-judge panel of the U.S. Court of Appeals for the Second Circuit on Thursday upheld the constitutionality of the Consumer Financial Protection Bureau’s funding structure, teeing up a circuit split.
The U.S. Supreme Court in February agreed to review a ruling by the U.S. Court of Appeals for the Fifth Circuit that the CFPB’s funding structure violated the Constitution’s appropriations clause. The case is set to be heard next term.
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Consumer Financial Protection Bureau building in Washington, D.C. June 4, 2013. Photo by Diego M. Radzinschi
