CFPB Challenge Latest in Separation of Powers Remake (Podcast)

The Consumer Financial Protection Bureau faces a challenge to its existence in a case the US Supreme Court will take up next term.

Listen and subscribe to Cases and Controversies on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Megaphone, or Audible.

The US Court of Appeals for the Fifth Circuit ruled the agency’s funding mechanism violates separation of powers principles because it’s paid for by the Federal Reserve, not through legislative appropriations.

The Biden administration warns the ruling calls into question “every action” the CFPB has taken since its creation by Congress ...