Supreme Court to Consider Consumer Financial Protection Bureau’s Funding

Wall Street Journal, Feb. 27, 2023–Andrew Ackerman (subscription)
In advance of any Supreme Court ruling, the Mortgage Bankers Association has warned lawmakers of both parties that the $13 trillion U.S. mortgage market could stop functioning normally should a spate of CFPB rules for the market become invalid. If that were to happen, Congress would need to act quickly to codify the existing rules into legislation, according to Pete Mills, MBA’s senior vice president of residential policy.