Supreme Court Rejects Conservative Challenge to Consumer Financial Protection Bureau

[Photo Credit: By Duncan Lock, Dflock - Own work, CC BY-SA 3.0,]

On Thursday, the Supreme Court denied a challenge to the funding structure of the Consumer Financial Protection Bureau.

The challenge had the potential to cripple the bureau and further the conservative legal movement’s primary objective of restricting the authority of independent agencies.

The majority opinion was written by Justice Clarence Thomas and was endorsed by a vote of 7 to 2.

Had the bureau been unsuccessful, the court’s decision could have potentially tainted each regulation and enforcement measure it had implemented during its thirteen-year tenure, encompassing areas such as banking, credit cards, mortgages, and consumer loans.

The crux of the litigation revolved around whether the manner in which Congress opted to finance the bureau contravened the appropriations clause of the Constitution.

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