MBA, NAHB, NAR Warn Supreme Court Of Chaos If CFPB Ruled Unconstitutional
File amicus brief in support of regulator in case to be heard later this year.
File amicus brief in support of regulator in case to be heard later this year.
Unanimous ruling allows businesses to sue over alleged constitutional violations of their oversight.
Decision comes as Supreme Court prepares to review 5th Circuit Court's opposite ruling on the bureau.
As it did in 2020 ruling, court likely to cut a portion of Dodd-Frank law and let Congress fix it.
Grants petitions to review lower court's ruling that agency's funding method is unconstitutional.
Both groups support petition to hear case, but differ on how court should rule.
Petition filed less than a month after lower court ruled its funding method method is unconstitutional.