In CFPB v. CFSA Decision, the American People Notch a Win Against Predatory Corporate Entities 

Today, the Supreme Court ruled that the funding structure for the Consumer Financial Protection Bureau (CFPB), a federal agency that independently safeguards consumers in the financial sector, does not violate the Constitution.   

Today's ruling is a powerful affirmation: the CFPB stands as a fortress against financial predators, especially crucial for communities of color battered by decades of discriminatory banking practices.

The Supreme Court's decision rejects attempts to undermine consumer protection enforcement, affirming the CFPB's role in safeguarding financial markets. This victory reinforces Congress's intent in establishing the CFPB as the main guardian against financial abuse. Since 2011, the CFPB has provided over $20 billion in relief to consumers and addressed four million complaints. This ruling ensures fairness and transparency in markets and upholds the CFPB's vital role in financial regulation.  

In response, Taifa Smith Butler, President of Dēmos, a non-profit public policy organization working alongside grassroots organizations to build a just, inclusive, multiracial democracy and economy, released the following statement: 

“Today's ruling is a powerful affirmation: the CFPB stands as a fortress against financial predators, especially crucial for communities of color battered by decades of discriminatory banking practices. To forge an economy of true opportunity, we must fiercely defend the CFPB's role as a champion for all consumers” 

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