Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history. All the way back to England, Parliament and the Crown. All the way back to the inner workings of...
The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s funding mechanism is constitutional. The decision reversed a lower court ruling that threatened the very existence of the agency. Seven justices concurred with the decision, while two dissented. “The statute that authorizes the bureau to draw money from...
For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision that will come down from the Supreme Court — a decision that will determine whether the agency can exist at all. In...
The U.S. Supreme Court made a significant decision in a complicated case regarding ATM fees Monday (April 15), putting the spotlight on the use of cash and access to it. While ATMs represent a decidedly analog approach to personal finance, data and anecdotal evidence show...
May 14, 2024
For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision that will come down from the Supreme Court — a decision that will determine whether the agency can exist at all. In terms of the timeframe, the decision is widely expected to be […]
April 15, 2024
The U.S. Supreme Court made a significant decision in a complicated case regarding ATM fees Monday (April 15), putting the spotlight on the use of cash and access to it....
October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the...
May 16, 2018
Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme...
May 17, 2024
The Thursday (May 16) decision by the Supreme Court to uphold the funding mechanism of the Consumer Financial Protection Bureau (CFPB) has been hailed as a victory for supporters of robust federal regulation. However, these supporters remain uncertain about the future of federal agency powers, given the court’s conservative majority, Reuters reported Friday (May 17). Federal powers will be tested in […]
May 16, 2024
The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s funding mechanism is constitutional. The decision reversed a lower court ruling that threatened the very existence of the agency. Seven justices concurred...
January 16, 2024
The Supreme Court will not hear Apple’s appeal in its legal battle with Epic Games. As Bloomberg News reported Tuesday (Jan. 16), the decision means that a 2023 appeals court ruling centered around...
January 02, 2024
America’s top jurist says artificial intelligence (AI) will significantly impact the legal system. Supreme Court Chief Justice John Roberts devoted a large portion of his year-end message to AI’s use in court,...
