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Cabinet News - Research and commentary on regulatory and other financial services topics. Cabinet News - Research and commentary on regulatory and other financial services topics. Cabinet News - Research and commentary on regulatory and other financial services topics.
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March 2, 2023

No one expected that the ongoing saga regarding CFPB funding would end at the Fifth Circuit, so it's not surprising that SCOTUS announced earlier this week that it would hear the Biden administration's appeal of CFPB v. Community Financial Services Association of America on the constitutionality of the agency's funding in the October term.

As this constitutionality battle heats up, my Litigation colleague Rachel Rodman, a former senior counsel and enforcement attorney in the CFPB, observes that the Court’s decision, while critical for the CFPB, may also have far-reaching consequences across the Federal Government. Her sharp analysis is worth a read.

Daniel Meade 
Editor, Cabinet News and Views

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