As stated above, the CFPB is not a party to this case and the Colony case does not establish that the CFPB will need to take any action requiring funding in order for Texas to prosecute the case.

President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial ...

On October 3, 2023, the U.S. Supreme Court heard oral argument in CFPB v. Community Financial Services Association of America to decide whether the CFPB’s funding structure violates the ...

In a 5-4 Supreme Court decision two years ago, the bureau’s rulemakings survived intact. But a pair of pending cases that challenge the agency's funding through the Federal Reserve are again seeking ...

Supreme Court begins its new term. Here's what to expect. 06:56 Washington — The Supreme Court on Tuesday weighed the constitutionality of the Consumer Financial Protection Bureau's funding ...

Supreme Court Rejects Challenge to CFPB, Says Funding Structure Constitutional In a 7-2 ruling, the court held that the Dodd-Frank Act did not violate the Constitution by funding the consumer ...

New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...

Supreme Court rejects broad challenge to consumer watchdog CFPB. The Biden administration urged the Supreme Court to reject an appeals court decision that cast doubt on Congress’s authority to ...

The CFPB receives funding from the Federal Reserve Board. The director of the CFPB requests the amount of money it deems reasonably necessary to carry out operations and is capped at 12% of the ...

Conservatives appear to be setting the stage for yet another legal fight over the Consumer Financial Protection Bureau’s (CFPB) funding structure, just weeks after the watchdog agency survived a ...

The U.S. Supreme Court on Thursday rejected a broad challenge to the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which was brought by payday lending groups led by the ...

The case began in 2018, when two Texas trade groups sued the CFPB, challenging the bureau's ability to issue the first federal payday lending rule — which has still not gone into effect. The 5th ...