Loading...
Market
Will the Supreme Court overturn the Federal Appeals Court ruling on CFPB's expanded authority by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Supreme Court rulings, legal news outlets
Story
Federal Appeals Court Expands CFPB's Authority to Combat Redlining
Jul 11, 2024, 09:45 PM
A federal appeals court has granted the US Consumer Financial Protection Bureau (CFPB) greater authority to combat housing discrimination, specifically targeting practices like redlining. The court's decision revives the CFPB's first case against a non-bank mortgage lender, emphasizing that lenders cannot use discriminatory language or other methods to discourage potential borrowers from applying for loans. This ruling overturns a previous decision by a Democratic judge, clarifying that the Equal Credit Opportunity Act applies to lenders who discourage borrowers from seeking credit.
View original story
Similar markets
Yes • 50%
No • 50%
Abolished • 25%
Merged with another agency • 25%
Restructured but remains independent • 25%
No significant changes • 25%
Eliminated • 25%
Significantly restructured • 25%
Unchanged • 25%
Other • 25%
Environmental case • 50%
Healthcare case • 50%
Constitutionality • 25%
Economic Impact • 25%
Jurisdictional Overreach • 25%
Other • 25%
Yes • 50%
No • 50%
New director appointed • 25%
Interim director appointed • 25%
Current director remains • 25%
Other leadership change • 25%