CFPB Asks Supreme Court to Uphold Constitutionality of its Funding
American Banker, Nov. 15, 2022–Kyle Campbell (subscription)
In a petition filed Monday, the CFPB challenged the U.S. Court of Appeals for the 5th Circuit’s ruling on Community Financial Services Association of America v. CFPB, which said the funding of the agency through the Federal Reserve Board — an executive agency — and not congressional appropriations violates the Constitution’s separation of powers doctrine.
