The 5th Circuit just declared an entire federal agency unconstitutional

[OhPleaseJustQuit]

America’s Trumpiest court just declared an entire federal agency unconstitutional

Three judges appointed by former President Donald Trump handed down an astonishing decision on Wednesday, effectively holding that the Consumer Financial Protection Bureau, the federal agency charged with protecting consumers from a wide range of predatory activity by lenders and other financial services, is unconstitutional and must be stripped of its authority.

The decision by the conservative United States Court of Appeals for the Fifth Circuit relies on a novel reading of an obscure provision of the Constitution, and is entirely at odds with a Supreme Court decision that rejects the Fifth Circuit’s reading of that provision. This is not unusual behavior from the Fifth Circuit, which often reads the Constitution in novel and unexpected ways that benefit political conservatives and the Republican Party.

Indeed, Judge Cory Wilson admits in the court’s new opinion in Community Financial Services v. CFPB that “every court to consider” the arguments presented in this case has deemed the CFPB to be “constitutionally sound.”
https://www.vox.com/policy-and-poli...rcuit-supreme-court-trump-community-financial

Repubs have had a hardon for the CFPB ever since its inception. Apparently they hate consumer protections because it keeps their corporate masters from ripping off citizens.

With Republican rise, payday loan companies became a potent political force. Cash-strapped Tennesseans pay the price.​

With Republican rise, payday loan companies became a potent political force. Cash-strapped Tennesseans pay the price.

Kiyadh Burt lending analyst with Hope Policy Institute. NASHVILLE– For years, Carlos Restrepo operated a small trucking business in Nashville– until his insurance rates unexpectedly increased. After defaulting on the loan, Advance Financial sued him, and according to court documents, he will pay...

insurancenewsnet.com

 

[whitehall]

Years ago the Supreme Court found a "right to privacy" that did not exist in the Constitution to justify the murder of the unborn and lefties had no problem with it. Now they second guess a decision by the 5th Circuit because somebody named Ian Milheiser claims that a Constitutional issue is "obsolete". Go figure.

 

[g5000]

Where does the constitution give power to anyone besides congress to make federal laws?

That's not what is in dispute. Why don't you read the OP link before opining?

 

[berg80]

Where does the constitution give power to anyone besides congress to make federal laws?

Regulatory agencies routinely enforce prohibitions against companies when abuses are found.

 

[TNHarley]

The decision is over the funding for the agency not the agency itself, btw.

You are captain obvious today, huh?

 

[g5000]

The dispute is over how the CFPB is funded, and the 5th circuit is wrong.

They will be overturned.

 

[JWBooth]

Hope they don’t stop there.

 

[TNHarley]

That's not what is in dispute. Why don't you read the OP link before opining?

I did read it. I was referring to the whole thing being unconstitutional.
Anything else?

 

[berg80]

Years ago the Supreme Court found a "right to privacy" that did not exist

I hear echoes of the crackpot theory of one Robert Bork.

 

[martybegan]

Dred Scott was also a SC decision....I bet you would have stood by that one too.

And Plessey, and Citizens United.

 

[g5000]

I did read it. I was referring to the whole thing being unconstitutional.
Anything else?

Where did you get the silly idea the CFPB creates federal laws?

 

[berg80]

Where did you get the silly idea the CFPB creates federal laws?

He's throwing any kind of shit on the wall he can conjure. A common practice among Trumpleton's.

 

[TNHarley]

Where did you get the silly idea the CFPB creates federal laws?

ummm maybe because thats what they do?

Rules & Policy | Consumer Financial Protection Bureau

Information about the Bureau's consumer finance regulations, final rules, and regulatory agenda.

www.consumerfinance.gov

Good grief.

 

[TNHarley]

He's throwing any kind of shit on the wall he can conjure. A common practice among Trumpleton's.

Do you people even understand what the CFPB is? Good gawd man.

 

[berg80]

It is unconstitutional.

Indeed, Judge Cory Wilson admits in the court’s new opinion in Community Financial Services v. CFPB that “every court to consider” the arguments presented in this case has deemed the CFPB to be “constitutionally sound.”

 

[Bootney Lee Farnsworth]

America’s Trumpiest court just declared an entire federal agency unconstitutional

Three judges appointed by former President Donald Trump handed down an astonishing decision on Wednesday, effectively holding that the Consumer Financial Protection Bureau, the federal agency charged with protecting consumers from a wide range of predatory activity by lenders and other financial services, is unconstitutional and must be stripped of its authority.

The decision by the conservative United States Court of Appeals for the Fifth Circuit relies on a novel reading of an obscure provision of the Constitution, and is entirely at odds with a Supreme Court decision that rejects the Fifth Circuit’s reading of that provision. This is not unusual behavior from the Fifth Circuit, which often reads the Constitution in novel and unexpected ways that benefit political conservatives and the Republican Party.

Indeed, Judge Cory Wilson admits in the court’s new opinion in Community Financial Services v. CFPB that “every court to consider” the arguments presented in this case has deemed the CFPB to be “constitutionally sound.”
https://www.vox.com/policy-and-poli...rcuit-supreme-court-trump-community-financial

Repubs have had a hardon for the CFPB ever since its inception. Apparently they hate consumer protections because it keeps their corporate masters from ripping off citizens.

With Republican rise, payday loan companies became a potent political force. Cash-strapped Tennesseans pay the price.​

With Republican rise, payday loan companies became a potent political force. Cash-strapped Tennesseans pay the price.

Kiyadh Burt lending analyst with Hope Policy Institute. NASHVILLE– For years, Carlos Restrepo operated a small trucking business in Nashville– until his insurance rates unexpectedly increased. After defaulting on the loan, Advance Financial sued him, and according to court documents, he will pay...

insurancenewsnet.com

I hope this stands because this could be the lynchpin case the unravels the entire FedGov.

 

[g5000]

ummm maybe because thats what they do?

Rules & Policy | Consumer Financial Protection Bureau

Information about the Bureau's consumer finance regulations, final rules, and regulatory agenda.

www.consumerfinance.gov

Good grief.

They write regulations, not laws.

You seem to be completely unaware that many, many, many other regulatory agencies do the same thing.

You clearly have no idea how government works.

Good grief.

 

[TNHarley]

Indeed, Judge Cory Wilson admits in the court’s new opinion in Community Financial Services v. CFPB that “every court to consider” the arguments presented in this case has deemed the CFPB to be “constitutionally sound.”

Nobody cares.

 

[TNHarley]

They write regulations, not laws.

You seem to be completely unaware that many, many, many other regulatory agencies do the same thing.

You clearly have no idea how government works.

Good grief.

You got to be fuckin kidding me right?
You are going to argue with my point because of the smallest technicality on the planet?
Grow up, boomer.

 

[BlindBoo]

You are captain obvious today, huh?

Funny coming from you who thought it was unconstitutional because, um, why was that again?