Supreme Court rejects payday lenders' challenge to Obama-era consumer protection bureau
Los Angeles Times -

The Supreme Court on Thursday upheld the U.S. consumer protection agency that was created under President Obama and congressional Democrats to protect Americans from financial scams. By a 7-2 vote, the justices rejected a constitutional claim brought by a coalition of payday lenders who had won before a panel of three Trump appointees on the 5th Circuit Court of Appeals. The lower court had questioned the legality of the Consumer Financial Protection Bureau, ruling it was not properly...

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