SCOTUS case hangs over the fate of the Consumer Financial Protection Bureau
February 28, 2023
The U.S. Supreme Court agreed to hear a case that could hobble, if not outright end, the Consumer Financial Protection Bureau, created as part of the 2010 Dodd-Frank Act to protect American consumers in the wake of the financial crisis. An earlier case decided by the U.S. Court of Appeals for the Fifth Circuit in New Orleans ruled that the federal agency’s funding violated the Appropriations Clause of the Constitution, that “no money shall be drawn from the Treasury, but in consequence of appropriations made by law.”
Recent News
FDA Issues Insulin Pump App Recall After More Than 200 Injured
The FDA has issued a Class 1 recall of a popular insulin pump app after it was discovered that there was a software issue that caused the app to crash.
T-Mobile, AT&T, & Verizon Fined $10.2M for ‘Unlimited’ Claims
T-Mobile, AT&T, and Verizon have all been slapped with a fine.
Walgreens Settlement: What You Need to Know
Walgreens recently settled a class action lawsuit, potentially putting cash in the pockets of Americans who faced job denials due to background checks.
California Electric Bill Overhaul: What’s Ahead
California’s electricity payment system is getting a makeover.