Supreme Court Hears Case on CFPB Funding

On the second day of its new session, the Supreme Court heard arguments in a case that could grind to a halt the Consumer Financial Protection Bureau’s (CFPB) important work for American consumers.

The case, CFPB v. Community Financial Services Association of America, involves whether the bureau's funding outside the congressional appropriations process is constitutional.

In May, NTEU filed a brief at the Supreme Court arguing that a lower court wrongly decided that the CFPB’s funding structure is unconstitutional. The CFPB’s funding is fully consistent with the Constitution and Supreme Court precedent, NTEU argues.

“Congress has exercised its constitutional prerogative to fund the CFPB in a manner of its choosing; the CFPB, in turn, has abided by the limits that Congress has set on its funding,” according to NTEU’s brief. Read more