WASHINGTON, DC — Today, the United States Supreme Court announced that it will take up Community Financial Services Association v CFPB, the case in which the Fifth Circuit Court of Appeals deemed the funding mechanism of the Consumer Financial Protection Bureau (CFPB) to be unconstitutional. In response to this announcement, Demand Progress Communications Director Maria Langholz issued the following statement:
“We are pleased to see that the Supreme Court has agreed to hear this important case and expect a correction of the Fifth Circuit’s misguided attacks on the CFPB. In the past twelve years, the CFPB has proven itself as a fierce defender of consumers against unscrupulous creditors that decimated our economy and wreaked havoc on people’s lives. The Supreme Court should reject the Fifth Circuit’s unprecedented ruling, restoring stability to the marketplace and preserving the CFPB’s ability to protect the American people.”
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