US Senator Warren: Supreme Court CFPB case threatens all bank regulators

Posted on AllSides October 2nd, 2023
From The Center
REUTERS/Jonathan Ernst/File Photo

A case due to come before the U.S. Supreme Court next week has the potential to expose every federal bank regulator to political inference while also jeopardizing Social Security and Medicare, the federal health insurance program, U.S. Senator Elizabeth Warren said on Thursday.

The court next week is due to hear arguments in a challenge to the constitutionality of the U.S. Consumer Financial Protection Bureau's (CFPB) funding. The Biden administration has said the case threatens the agency's ability to function, which would undermine the federal government's capacity to protect financial...

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