Consumer watchdog is in the crosshairs as Supreme Court weighs legal challenge

A man arrested in the killing of a Baltimore tech entrepreneur was suspected of raping a woman days before and was already under surveillance, police sayMorning Rundown: Biden impeachment inquiry's first hearing, Powerball jackpot nears $1 billion, and Kansas City's love story with Taylor SwiftThe mother of a man suspected of killing a Baltimore tech CEO urged him to surrender, fearing police would try to kill himWASHINGTON — The Supreme Court on Tuesday weighs the fate of the federal...

A ruling against the CFPB would, the government argues, cast legal doubt on the funding of other government entities, including the Federal Reserve itself and the Federal Deposit Insurance Corp., which provides insurance that protects consumers when banks fail.The Supreme Court's conservative majority is often skeptical of broad federal agency authority without specific congressional authorization.

The court concluded that the funding structure, whereby Congress does not directly appropriate funding, runs afoul of the Constitution's directive requiring it to do so. That is despite the fact that Congress itself set up the CFPB and approved the current funding structure when it passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.

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