Bill Himpler, President and CEO, American Financial Services Association News
OPINION: Despite SCOTUS Ruling, CFPB Oversight Needed
Today, the U.S. Supreme Court handed down its ruling in the much-anticipated Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA) case that challenged the CFPB’s independent funding mechanism through the Federal Reserve. The American Financial Services Association joined with other trades in an amicus brief arguing that the Bureau’s “funding scheme is historically unique.”