Supreme Court Justices Voice Support for CFPB Funding System (1)

US Supreme Court justices suggested they aren’t likely to declare the Consumer Financial Protection Bureau’s funding system unconstitutional, hearing arguments in a case that had threatened to upend years of agency work.

Even some of the court’s conservative justices indicated Tuesday they are inclined to back the agency, set up after the 2008 financial crisis to regulate mortgages, auto loans, credit cards and other consumer-finance products. Congress let the bureau draw as much money as it needs – up to a cap it has never hit – from the Federal Reserve.

“I get your point that this is different, ...