CFPB funding under new scrutiny

The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding.   The Supreme Court upheld the CFPB’s funding mechanism in May. In several recent lawsuits, companies sued by the CFPB for violations argue that the bureau is using funds it should not have. The Dodd-Frank Act requires that the CFPB is funded from “the combined earnings […]