The Supreme Court will hear oral arguments Tuesday in a case that threatens to wipe out funding for the Consumer Financial Protection Bureau and limit Congress’ ability to fund agencies outside of normal appropriations.
The Biden administration wants the justices to overturn a ruling from the U.S. Court of Appeals for the 5th Circuit that invalidated the CFPB’s funding structure as unconstitutional, a ruling that calls into question the actions the agency has taken since Congress created it in 2010 in response to the great financial crisis.
The case lands at a conservative-controlled Supreme Court that already has struck down one part of how Congress structured the agency, as lawmakers included provisions meant to insure its independence from Congress and the president.
