The Supreme Court on Thursday overwhelmingly ruled that the Consumer Financial Protection Bureau’s funding structure is constitutional, rejecting what would have been an existential threat to the agency’s existence. The decision is yet another rebuke to the Fifth Circuit Court of Appeals, the right-wing court that has embraced a variety of outlandish legal theories in recent years, but also a major defeat for the conservative legal establishment, which has worked tirelessly to kneecap the CFPB in recent years. The ideological breadth of the 7-2 majority opinion, which was written by none other than Justice Clarence Thomas, only underscores how increasingly out of step those twin forces are w
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