Consumer Agency Hated by Republicans Is in Fight of Its Life at Supreme Court
- Court to review Consumer Financial Protection Bureau’s funding
- CFPB has been targeted by Republicans, banks since 2010 launch
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The US Consumer Financial Protection Bureau, long a target of conservatives and the bane of the banking industry, is now in the fight of its life at the Supreme Court.
Thirteen years after a Democratic-controlled Congress created the CFPB to regulate mortgages and other consumer-finance products, the high court on Tuesday will weigh a novel constitutional argument that the bureau’s supporters say could leave it decimated.