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    Supreme Court upholds funding structure for consumer watchdog agency

    The opinion was written by Justice Clarence Thomas, who reversed the decision of the 5th Circuit. Justices Neil Gorsuch and Samuel Alito dissented.
    by Nina Totenberg May 16, 2024 2 minutes
    The U.S. Supreme Court rejected a challenge to the way the CFPB is funded.
    Updated May 16, 2024 at 4:18 PM ET

    The U.S. Supreme Court on Thursday upheld the structure of the Consumer Financial protection Bureau, the watchdog agency set up by Congress after the 2008 financial crash to protect consumers from predatory and deceptive practices by financial institutions.

    The vote was 7-to-2. Writing for the court majority, Justice Clarence Thomas focused

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