That didn’t take long.
- Maybe you saw my messages last week about a federal court ruling that the way the Consumer Financial Protection Bureau (CFPB) is funded is “unconstitutional” — even though Congress intentionally made the agency independent of its annual, and corruptible, appropriations circus.
- Well, this Monday — not even a week later — the credit report company TransUnion cited that outrageous ruling to argue that a voluntary agreement it made with the CFPB back in 2017, over its deceptive marketing tactics, is invalid.
- At least one other company has already tried a similar legal maneuver. And there will be more.
If this ruling that the CFPB’s basic funding structure is “unconstitutional” is upheld, the agency could in effect be starved to death.
We expect the agency to appeal this dangerous and unfounded ruling.
And we want everyone at the Consumer Financial Protection Bureau to know that Public Citizen — that’s you, me, and 500,000 supporters all across America — have their backs.
Click now to add your name and tell everyone at the Consumer Financial Protection Bureau that we support them as they fight this plot to essentially snuff them out using spurious legal maneuvers.
Thanks for taking action.
For progress,
- Robert Weissman, President of Public Citizen
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