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Nature of next major legal challenge to CFPB by May 2026
5
Consumer Financial Protection Bureau•CFPB•Clarence Thomas•Fifth Circuit•Biden•Samuel Alito•Neil Gorsuch
Resolution / Starting Odds
Challenge from financial institutions • 33%
Challenge from consumer rights groups • 33%
No major challenge reaches Supreme Court • 34%
Judicial filings or major legal news outlets
Story
Supreme Court Upholds CFPB Funding Structure in 7-2 Decision on Thursday
May 16, 2024, 02:23 PM
The U.S. Supreme Court has upheld the funding structure of the Consumer Financial Protection Bureau (CFPB) in a 7-2 decision on Thursday, ruling that it complies with the Constitution's Appropriations Clause. Justice Clarence Thomas authored the majority opinion, reversing a lower court ruling from the Fifth Circuit. The decision is a significant victory for the Biden administration and a setback for conservative critics and the payday loan industry, which had challenged the CFPB's funding mechanism as unconstitutional. Justices Samuel Alito and Neil Gorsuch dissented.
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Similar markets
Yes • 50%
No • 50%
Appeal filed • 50%
No appeal filed • 50%
Mostly favor CFPB • 33%
Mostly against CFPB • 33%
Mixed outcomes • 34%
Rule permanently blocked • 33%
Rule enforced with modifications • 33%
Rule enforced as originally planned • 33%
Direct support for the rule • 25%
Neutral stance • 25%
Opposition to the rule • 25%
No involvement • 25%
Multiple legal challenges • 33%
Few legal challenges • 33%
No legal challenges • 34%
