May 16, 2024
•
1 min read
CFA Applauds Supreme Court Decision to Uphold Funding Structure for CFPB

Washington, DC – “Today, the consumers of America won the battle in court.” said Adam Rust, Director of Financial Services for the Consumer Federation of America, “But we fear this fight is long from over. In this ruling, the Court correctly concluded that the CFPB’s funding structure satisfies the Constitution’s Appropriations Clause. Since its beginning in 2011, the CFPB has returned $19 billion to consumers in direct relief. The repeated challenges to its independence and rulemakings from industry reflect the fact that the CFPB has been so successful in fulfilling its mission.”
Our Subject Matter Experts

Adam Rust
Director of Financial Services

Brad Lipton
Senior Fellow (Visiting)
Press Releases

Trump’s CFPB Once Again Harms Servicemembers
The Consumer Federation of America released the following statement in response to today’s decision by the Consumer Financial Protection Bureau (CFPB) to withdraw the 2024 consent order filed against Navy Federal Credit Union (NFCU) for charging illegal surprise overdraft fees.

Anti-Competitive State Laws Cost New Car Buyers More Than $20 Billion Per Year

Congressional Proposal Does Little to Protect Consumers from Unknowingly Purchasing Wrecked Cars
