Skip to main content

Search form

Supreme Court Review of CFPB Could Imperil Lending Rules

Friday, March 3, 2023
Jim DuPlessis | Credit Union Times
Nadine Chabrier
On Monday, Nadine Chabrier, a lawyer for the Center for Responsible Lending, said in a news release that the Supreme Court would be reviewing a lawsuit that poses “an existential threat” to the CFPB and similarly funded agencies. “If the Supreme Court accepts this deeply flawed argument against CFPB funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, FDIC, Medicare and Social Security,” Chabrier said.