Supreme Court upholds funding structure for Consumer Financial Protection Bureau

Supreme Court upholds funding structure for Consumer Financial Protection Bureau

Payday loan companies had alleged the way CFPB is funded was unconstitutional.

ByDevin Dwyer

May 16, 2024, 10:12 AM

    The Supreme Court on Thursday issued a ruling upholding the funding structure of the Consumer Financial Protection Bureau, a key consumer watchdog and banking regulator.

    MORE: Supreme Court hears heated debate over Consumer Financial Protection Bureau

    PHOTO: The U.S. Supreme Court is seen, April 25, 2024, in Washington.

    The U.S. Supreme Court is seen, April 25, 2024, in Washington.Mandel Ngan/AFP via Getty Images

    This is a developing story. Please check back for updates.

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