Supreme Court sounds skeptical of lenders’ challenge to Obama-era consumer protection bureau

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Supreme Court sounds skeptical of lenders’ challenge to Obama-era consumer protection bureau

Wed, 10/04/2023 - 04:25
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The Supreme Court gave a mostly skeptical hearing Tuesday to payday lenders who are challenging the constitutionality of the Obama-era consumer protection agency. Most of the justices suggested they were not ready to strike down the Consumer Financial Protection Bureau simply because it is funded with fees from the Federal Reserve rather than an annual appropriation. Citing early American…

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