Today, our firm filed an amicus brief in the U.S. Supreme Court, in support of a challenge to the unconstitutional funding mechanism of the Consumer Financial Protection Board. The CFPB is funded through the Federal Reserve, not through constitutional congressional appropriations. Our brief demonstrated that the Federal Reserve is also not funded by congressional appropriations, which is another reason why the funding of the CFPB is impermissible. We also explained how the CFPB is unaccountable to Congress, and has expended funds in furtherance of a partisan Democrat agenda.
