Supreme Court Tosses Second Challenge to CFPB Funding Stream (1)

The US Supreme Court declined to hear a second challenge to the Consumer Financial Protection Bureau’s funding after ruling it was constitutional.

The case, The Law Offices of Crystal Moroney PC v. CFPB, was an appeal of a March 2023 ruling in the US Court of Appeals for the Second Circuit upholding the agency’s independent funding through the Federal Reserve.

The Supreme Court’s Monday denial of Moroney’s bid to appeal the Second Circuit ruling comes less than two weeks after the high court determined the CFPB’s funding was constitutional in a 7-2 decision in CFPB v. Community Financial Services ...