Judges make clear that any decision regarding CFPB has no implications for mandatory spending programs.
I received an email recently regarding a 2022 decision by a three-judge panel for the Fifth Circuit Court of Appeals. The decision found the funding of the Consumer Financial Protection Bureau unconstitutional because the agency gets its money outside of the annual appropriations process. The Supreme Court has now agreed to hear the case.
The District Court rejected all four arguments and upheld the Bureau’s Payday Lending Rule. The Fifth Circuit agreed with the lower Court on the first three, but, with regard to the fourth issue, concluded that Congress’s decision to abdicate its appropriations power violates the Constitution’s structural separation of powers.
This “double-insulated funding mechanism” was too much for the three-judge panel of the Fifth Circuit. It reversed the judgment of the District Court and held that the Payday Lending Rule violated the Appropriations Clause.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Medicare, Social Security could fall short over next decadeAn annual reported released Friday said Medicare and Social Security will fall short of the money needed to pay full benefits within the next decade.
Baca lebih lajut »
Medicare, Social Security could fall short over next decadeAn annual report on Social Security and Medicare says the financial safety nets millions of older Americans rely on and millions more young people are counting on will run short on funds to pay full benefits within the next decade
Baca lebih lajut »
Social Security & You: Rumors and myths dispelledI’m sure you’ve heard that old saying that goes something like this: “If it looks like a duck, walks like a duck and quacks like a duck — it’s a duck!”
Baca lebih lajut »
Social Security update: Direct payment worth up to $4,555 goes out to millions in 10 daysIn 10 days, the first of three rounds of Social Security retirement payments for April, worth up to $4,555, will be sent to recipients.
Baca lebih lajut »
Social Security update: Direct payment worth $914 arriving in 29 daysSupplemental Security Income recipients are set to receive their next payment in a little more than four weeks, according to the Social Security Administration.
Baca lebih lajut »
These Pa. counties are where Social Security ‘goes furthest’: reportThese are the counties where Social Security will prove the most advantageous in Pennsylvania.
Baca lebih lajut »