Public Justice Statement Regarding SCOTUS Challenge to CFPB Funding
Today, the Supreme Court will hear arguments in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited (CFPB v. CFSA), a challenge to the CFPB’s funding structure.
Public Justice Executive Director Paul Bland released the following statement on behalf of the organization:
“For more than a decade, the Consumer Financial Protection Bureau (CFPB) has been one of our most important consumer protection agencies, recovering more than $17 billion for consumers who’ve been ripped off by payday lenders and other predatory financial service institutions. Since our beginning, Public Justice has been at the helm of consumer protection work, litigating and advocating against corporations that cheat their customers, and ensuring consumers are safeguarded by consumer protection laws enforced by agencies like the CFPB.
The Supreme Court should allow this agency to continue this important work, independent from political influence and persuasion, by overturning the Fifth Circuit’s ruling and holding the CFPB’s funding structure as constitutional. We’re proud to join fellow consumer rights groups in defending the CFPB against this baseless attack, and we’ll continue fighting to hold predatory lending groups and institutions accountable when they try and break the law.”