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Opinion | Have credit cards or a mortgage? This Supreme Court could make your life harder

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Opinion | Jessica Levinson: 'If you use a credit card, have a loan or a mortgage, or own securities, the work of the CFPB affects you.' - NBCNewsTHINK

has helped to reduce high late-fees on credit cards, undisclosed credit card fees and sharp interest rate hikes. It has also increased transparency related to credit card costs. The rules the CFPB has implemented to protect consumers would be erased.

The Supreme Court would certainly send a strong message to Congress by abolishing the CFPB, but this would be a mistake. Congress must have the power to create powerful executive agencies, largely free of presidential influence. Executive agencies like the CPFB serve important purposes like protecting consumers from predatory behavior of private businesses.

 

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THINK It's getting sunk, I imagine. Congress has no authority to create new branches of government. It's a pretty straight forward case, really.

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