Center for American Progress

ADVISORY: How the Supreme Court’s Decision in CFPB v. CFSA Could Harm Consumers
Press Advisory

ADVISORY: How the Supreme Court’s Decision in CFPB v. CFSA Could Harm Consumers

Washington, D.C — Since opening its doors 12 years ago, the Consumer Financial Protection Bureau (CFPB) has been a formidable advocate for everyday Americans, holding financial institutions accountable for poor practices and returning $17.5 billion to wronged customers. Following the 2007–2008 financial crisis, Congress carefully designed the CFPB as a new, independent regulator to carry out its important mission free from political interference.

CFPB critics have long sought to limit the agency’s autonomy and, by extension, its capacity to promote a fairer financial marketplace. On October 3, 2023, the U.S. Supreme Court will hear oral arguments in CFPB v. Community Financial Services Association of America (CFSA) regarding the constitutionality of the agency’s independent funding structure.

Joining us to deliver keynote remarks is Sen. Elizabeth Warren (D-MA), the original architect of the CFPB. Sen. Warren worked for a year with the Obama administration to make it a reality before running for the U.S. Senate. She remains an outstanding champion for consumer protections and advocate for federal policies that grow the middle class by ensuring wealthy individuals and corporations play by the same rules as everyday Americans.

Please join the Center for American Progress for a discussion on the ongoing importance of a strong and independent CFPB and its track record of success. The panel will also analyze the potential wide-ranging threats to consumers if the Supreme Court finds the CFPB’s funding mechanism unconstitutional, as well as the possible spillover effects to other similarly funded federal agencies.


Introductory remarks: 

Patrick Gaspard, President and CEO, Center for American Progress

Keynote remarks: 

Sen. Elizabeth Warren (D-MA) 


Elyse Hicks, Consumer Policy Counsel and Coalition Manager, Americans for Financial Reform

Mike Pierce, Executive Director, Student Borrower Protection System 

Skye Perryman, President and CEO, Democracy Forward


Emily Gee, Senior Vice President, Inclusive Growth, Center for American Progress 


Thursday, September 28, 2023 

1:00 p.m. – 2:00 p.m. ET 


In person

Center for American Progress 

1333 H St. NW 

Washington, D.C., 20005

To attend in person, please RSVP at this link


To join our online audience, you must RSVP at this link

If you have questions for our panel, please submit them via email at [email protected] or on Twitter using the hashtag #CAPEvents. 

For more information or to speak with an expert, please contact Sarah Nadeau at [email protected]

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