You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

SCOTUS Overrules Challenge to Consumer Financial Protection Bureau

HeadlineMay 17, 2024

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.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation