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U.S. Const., Art. II, §2, cl. 2. Seila Law LLC v. Consumer Financial Protection Bureau, 591 U.S. 197 (2020) was a U.S. Supreme Court case which determined that the structure of the Consumer Financial Protection Bureau (CFPB), with a single director who could only be removed from office "for cause", violated the separation of powers.
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, and other financial companies operating in the United States.
The Fair and Accurate Credit Transactions Act of 2003 ( FACT Act or FACTA, Pub. L. 108–159 (text) (PDF)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and ...
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 CFPB is funded does ...
May 16, 2024 at 9:51 AM. By John Kruzel. WASHINGTON (Reuters) - The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau's funding mechanism in a challenge brought by the ...
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The Supreme Court on Thursday upheld the U.S. consumer protection agency that was created under President Obama and congressional Democrats to protect Americans from financial scams. By a 7-2 vote ...
Consumer Financial Protection Bureau v. Community Financial Services Ass'n of America, Ltd. (Docket 22–448) was a United States Supreme Court case where the Court ruled that the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which is allocated from the Federal Treasury budget rather that through Congressional appropriations, is constitutional under the Appropriations ...