Split High Court Leaves Consumer Financial Protection Bureau’s Funding Untouched

(May 16, 2024, 1:58 PM EDT) -- WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s (CFPB) funding mechanism that permits “reasonably necessary” withdrawals from the Federal Reserve System subject to an inflation-adjusted cap complies with the U.S. Constitution’s appropriations clause, a divided U.S. Supreme Court ruled May 16....

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