From NAFCU Today <[email protected]>
Subject NAFCU, CUNA argue CFPB’s funding is unconstitutional
Date July 11, 2023 11:11 AM
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July 11, 2023

NAFCU, CUNA argue CFPB’s funding unconstitutional in brief to SCOTUS ([link removed] )

NAFCU, CUNA, and the American Association of Credit Union Leagues (AACUL) filed a joint amicus brief to the U.S. Supreme Court challenging the constitutionality of the CFPB's funding structure. The Supreme Court later this year will hear the case of CFPB v. the Community Financial Services Association of America (CFSA) – the U.S. Fifth Circuit Court of Appeals previously ruled the CFPB’s funding structure is unconstitutional.

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Credit unions are encouraged to share their insights and perspective on issues related to fintechs in this month's Economic & CU Monitor survey. Responses to the survey are due Friday; the survey can be filled out online.

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