Republican AGs Begged SCOTUS to Argue Against CFPB After Taking $7.7M From Financial Industry and CFPB Opponents

Last week, the U.S. Supreme Court denied a request by 27 Republican Attorneys General to “make their own challenge” to the Consumer Financial Protection Bureau’s funding system – the latest attack in a long-running coordinated right-wing effort to defund, defang and dismantle the nation’s leading consumer advocate. The Republican AGs sought their own spotlight during oral arguments set for October 3rd on a lawsuit brought by the predatory payday loan industry that seeks to gut the CFPB by striking down its independent funding structure and leaving it beholden to the political whims of Congress. A new Accountable.US review found the Republican Attorneys General Association (RAGA) has taken over $7.7 million from anti-CFPB industry groups and right-wing opponents since the original lawsuit was filed in April 2018.