The Supreme Court Could Destroy the Consumer Financial Protection Bureau ...Middle East

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The Supreme Court Could Destroy the Consumer Financial Protection Bureau
The Supreme Court announced on Monday that it will hear another major case on the constitutionality of the nation’s top consumer-protection watchdog agency. If the justices agree with a lower-court ruling that effectively struck down the agency, it could have immense consequences for the financial industry, for the structure of other major federal agencies, and for Americans who rely on the agency’s anti-predatory rules when taking out mortgages and other types of loans.The case, Consumer Financial Protection Bureau v. Community Financial Services Association of America, has a big name and a fairly short history. Congress created the CFPB as part of the Dodd-Frank Wall Street reforms in 2010

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