Supreme Court to hear challenge to Elizabeth Warren’s Consumer Financial Protection Bureau

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The Supreme Court announced Monday it would hear a challenge to the Consumer Financial Protection Bureau and weigh whether the agency was lawfully created and funded.

The Biden administration asked the high court to review an October ruling from the U.S. Court of Appeals for the 5th Circuit, which held that Congress ran afoul of the Constitution when it delegated its financial authority to an executive agency.

The three-judge panel reasoned that Congress appropriates funds via the Constitution’s Appropriations Clause but handed over that authority when it created the CFPB, giving the agency unchecked power. “The court of appeals relied on an unprecedented and erroneous understanding of the Appropriations Clause to hold the CFPB’s statutory funding mechanism unconstitutional,” Ms. Preloger wrote in her petition. “Congress enacted a statute explicitly authorizing the CFPB to use a specified amount of funds from a specified source for specified purposes. The Appropriations Clause requires nothing more.”

 

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The democRATS who used this SLUSH FUND should be required to pay that money back--PERSONALLY! then pay ALL the money to the TAXPAYERS.

Checking out the scoundrels eh? Go get'em Justices.

physicsgeek Better late than never!

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