Press Releases
This Again? Industry Continues to Levy “Meritless” Claims Against the CFPB
WASHINGTON, DC — Earlier this year, the U.S. Supreme Court ruled that the funding structure of the Consumer Financial Protection Bureau (CFPB) is constitutional. Despite this significant victory for consumer protection, some large corporations have attempted to evade CFPB enforcement actions by arguing, once again, that the Bureau’s Federal Reserve funding is unconstitutional.
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These companies are grasping at straws in a desperate attempt to avoid regulation and accountability. It’s time they and their conservative allies in Congress give up these half-baked arguments and allow the Consumer Financial Protection Bureau to fully do its job protecting consumers and lowering costs.”
Accountable.US Liz Zelnick
MORE FROM ACCOUNTABLE.US ON THE CFPB
- CONSUMERS WIN: As SCOTUS Rules CFPB Constitutional, Watchdog Demands All Lower Courts Unfreeze Agency’s Blocked Rules & Enforcement Actions
- CFPB Director to Face Financial Industry Defenders in HFSC Hearing
- Senate Hearing Highlights: Industry Giants Called Out Over Exploitative Junk Fees
- Game of Courts: How the U.S. Chamber of Commerce Shops for Friendly Judges in the Fifth Circuit
