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Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

apnews.com Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers.

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau.

The justices ruled 7-2 that the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance.

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