The U.S. Supreme Court rejected a challenge to the Consumer Financial Protection Bureau’s funding mechanism that could have undermined the agency charged with protecting borrowers from predatory loans and other abuses by banks and financial entities. Former Labor Secretary Robert Reich praised the justices for protecting the CFPB from “attacks by shady payday lenders,” adding, “Since 2011, the CFPB has put $17.5 billion back in the pockets of 200 million Americans who have been defrauded.”