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The Supreme Court agreed to hear a case that could weaken the CFPB and advance a key project to limit the power of the independent agency. A ruling against the CFPB could cause doubt on every regulation action it took in the twelve years of its existence. That includes rules that the agency has written to govern credit cards, consumer loans and banking. The central question in the case is whether the way Congress chose to fund the agency violated the Appropriations Clause of the Constitution. A unanimous three judge panel in New Orleans ruled that the bureau's funding mechanism ran afoul of that clause. In 2022, the CFPB received $641 million of the $734 million available. The 2010 law said the bureau's funding requests shall not be subject to review by the Appropriations Committees. A decision against the consumer bureau could impact other agencies.
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RAISING THE BAR 
