Consumer Financial Protection Bureau v. Community Financial Services Association of America
United States Supreme Court
601 U.S. 416 (2024)

- Written by Sean Carroll, JD
Facts
The Consumer Financial Protection Bureau (CFPB) (defendant), under its enabling legislation, was authorized to draw its funding directly from the Federal Reserve System, subject to a statutory cap. The statute stated that the CFPB could use that funding for its expenses in carrying out its duties. This grant of spending authority was in perpetuity; the CFPB did not need to seek funding from Congress annually. Community Financial Services Association of America (the association) (plaintiff) used a new regulation promulgated by the CFPB as a vehicle for suing the CFPB over its funding mechanism. The association argued that the CFPB’s funding mechanism violated the Appropriations Clause, which stated that any funds drawn from the Treasury were required to be appropriated. The United States Supreme Court granted certiorari.
Rule of Law
Issue
Holding and Reasoning (Thomas, J.)
Concurrence (Kagan, J.)
Dissent (Alito, J.)
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