Legal News for Fri 5/16 - Intel Fights EU Fine, Trump Tests Humphrey's Executor, SEC Staff Cuts Risk Harms and Meta Challenges FTC Monopoly Case
This Day in Legal History: SCOTUS Upholds CFPB Funding Structure
On May 16, 2024, the U.S. Supreme Court delivered a major ruling in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., upholding the constitutionality of the CFPB’s funding structure. In a 7–2 decision, the Court held that the agency’s funding—drawn from the Federal Reserve and not subject to annual congressional appropriations—does not violate the Appropriations Clause of the Constitution. Writing for the majority, Chief Justice Roberts emphasized that the Constitution permits…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.