Supreme Court to hear case that threatens existence of consumer protection agency

The U.S. Supreme Court will hear arguments next term about whether Consumer Financial Protection Bureau, set up after the 2008 financial crisis to protect consumers from predatory lending practices, is funded constitutionally.

At issue is how the CFPB is funded: It gets its money from the Federal Reserve, which in turn is funded by bank fees, and not through congressional appropriations.

(Image credit: Anna Moneymaker/Getty Images)

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