Supreme Court to Hear CFPB Case that Imperils Federal Reserve, Medicare and Other Key Agencies
WASHINGTON, D.C. – The Supreme Court just announced it will hear Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited . The lawsuit, which was brought by a trade association for payday lenders, poses an existential threat to funding for the Consumer Financial Protection Bureau (CFPB) and, by extension, similarly funded agencies. “This case imperils the stable functioning of our government and our economy – all so payday lenders can continue to bleed borrowers dry,” said Nadine Chabrier, senior policy and litigation counsel at the Center for