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Accessibility statementSkip to main content Democracy Dies in Darkness SubscribeSign in Advertisement Democracy Dies in Darkness PoliticsBiden administration The Fix The Briefs Polling Democracy in America Election 2024 PoliticsBiden administration The Fix The Briefs Polling Democracy in America Election 2024 SUPREME COURT REJECTS BROAD CHALLENGE TO CONSUMER WATCHDOG CFPB The Biden administration urged the Supreme Court to reject an appeals court decision that cast doubt on Congress’s authority to decide how to fund an agency. By Justin Jouvenal and Ann E. Marimow Updated May 16, 2024 at 3:34 p.m. EDT|Published May 16, 2024 at 10:14 a.m. EDT The Supreme Court. (Kent Nishimura for The Washington Post) Listen 7 min Share Comment on this storyComment2147 Add to your saved stories Save The Supreme Court on Thursday rejected a broad challenge to the Consumer Financial Protection Bureau, reversing a lower-court ruling that would have undermined the watchdog agency Congress created in the wake of the financial crisis to protect borrowers from predatory lenders, junk fees and other abuses. Cut through the 2024 election noise. Get The Campaign Moment newsletter. In a 7-2 decision written by Justice Clarence Thomas, the court said the CFPB’s funding mechanism is constitutional. The agency draws its budget through profits of the Federal Reserve, not an annual appropriation by Congress. Share 2147 Comments NewsletterWeekdays Early Brief The Washington Post's essential guide to power and influence in D.C. Sign up Recommended for you Recommended by Subscribe to comment and get the full experience. 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