Exclusive report: The “financial motive” behind SCOTUS instance targeted at killing customer bureau

Exclusive report: The “financial motive” behind SCOTUS instance targeted at killing customer bureau

Many amicus briefs urging Supreme Court to gut CFPB had been driven by clear “financial motive, ” watchdog says

The great majority of amicus briefs filed to get case wanting to gut the buyer Financial Protection Bureau (CFPB) arrived from events having an “axe to grind” up against the agency, in accordance with a written report because of the federal federal federal government watchdog group Allied Progress which was provided exclusively to Salon.

The CFPB, that has gathered significantly more than $12 billion for customers from businesses accused of wrongdoing that it was unconstitutional for the CFPB to have an independent director who can only be removed “for cause” by the president, according to CNBC after it was created in the wake of the 2008 financial crisis, could be dissolved entirely after Seila Law, a law firm that ran afoul of the agency, argued.Continue reading