The Progressive


A project of Common Dreams

For Immediate Release
Contact: Phone: (202) 588-1000

Supreme Court to Review Constitutionality of CFPB’s Funding

The U.S. Supreme Court today decided to hear a challenge by the U.S. Consumer Financial Protection Bureau (CFPB) to a lower-court decision rendering the agency unconstitutional. Lisa Gilbert, executive vice president of Public Citizen, released following statement:

“The good news is that the Supreme Court has decided to hear the CFPB’s challenge to a lower-court decision holding everything it does unconstitutional. The bad news is that we will have to wait until next year for a decision. The Fifth Circuit’s ruling, holding the CFPB’s appropriation mechanism unconstitutional, is legally wrong and threatens significant harm to both consumers and financial institutions. We are confident that the Supreme Court’s will reject the ruling.”

Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.

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