NCLA Asks Supreme Court to Reverse Second Circuit, Hold CFPB’s Funding Method Unconstitutional
Retrieved on:
Thursday, June 22, 2023
Supreme, CFPB, Power of the purse, Supreme Court of the United Kingdom, United States Court of Appeals for the Second Circuit, Law, Consumer Protection Act, Congress, Running, Federal Reserve, Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited, Fifth Circuit Four, United States Court of Appeals for the Fifth Circuit, Supreme court, Consumer, NCLA, Court, Purse, Federation, Executive (government), Appropriations bill (United States), Second, Constitution, Dodd–Frank Wall Street Reform and Consumer Protection Act
NCLA urges the Court to rule against CFPB, then grant Moroney’s petition and vacate the Second Circuit’s decision below.
Key Points:
- NCLA urges the Court to rule against CFPB, then grant Moroney’s petition and vacate the Second Circuit’s decision below.
- Meanwhile, NCLA will file an amicus brief in CFSAA, Ltd. v. CFPB, further detailing the agency’s unconstitutionality.
- But that Supreme Court ruling made CFPB’s funding structure even worse, because now all that Federal Reserve funding is directly controllable by the President.
- The Supreme Court needs to clarify once and for all that CFPB’s funding structure is unconstitutional.”