The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau.
The justices ruled 7-2 that the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance.
Samuel Alito and Neil Gorsuch dissented.
Honestly shocked Clarence Thomas thought other people needed financial protection. Or cared about other people at all.
He doesn’t.
This is just his hall pass vote to make him appear less of an ideologue for later, when he proceeds to fuck the country over for Trump.
Holy fuck, I absolutely did not expect this outcome at all. The CFPB is so necessary, so I assumed the court was going to throw it out. This makes me more optimistic about Chevron.
Here’s the case’s name that the author felt wasn’t relevant to the story and a link so you can actually read the opinion for anyone interested:
Consumer Financial Protection Bureau v. Community Financial Services Assn. of America, Ltd., 601 U.S. ___ (2024)
Thank you for your service
Wow! A rare decision in favor of the consumer! In general, it probably should have some sort of oversight elsewhere, but that should probably wait until we make it illegal to have the bribery that goes on every day in Congress.
If the R’s take back the White House, this will probably be on the chopping block.
Considering this unexpected win plus a few times when I expected the liberal justices to dissent but they didn’t, I’m starting to wonder if there’s some deal-making going on behind the scenes.
There’s always deal-making going on behind the scenes.
