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Consumers’ Top Watchdog: The CFPB’s Vital Role Amid Legal Challenges

The Consumer Financial Protection Bureau (CFPB) protects consumers, holds financial institutions accountable for predatory practices, and has returned $17.5 billion since 2011 to wronged consumers across all 50 states. However, recent legal challenges have threatened the agency’s autonomy, potentially spreading uncertainty and harm far beyond the agency. This series explores the ways the CFPB helps and advocates for consumers, as well as the potential implications of CFPB v. Community Financial Services Association of America, in which the U.S. Supreme Court’s ruling could undermine the agency’s independent funding structure and, by extension, its capacity to protect everyday consumers.

Photo shows a partially obscured view of the top of the Supreme Court building reflecting orange sunlight against a deep blue sky
The U.S. Supreme Court building in Washington, D.C., reflects the sunlight in January 2022. (Getty/Chip Somodevilla)

Building an Economy for All, Consumer Protections, Economic Development and Governance, Economic Justice, Economy, Finance Reform, Supreme Court

In this series

How the Supreme Court’s Decision in CFPB v. CFSA Could Harm Consumers
Supporters of the CFPB hold signs that read, “Defend CFPB” outside the agency’s building.
Past Event

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

Please join the Center for American Progress, Sen. Elizabeth Warren, and an esteemed panel for an event that will focus on the ongoing importance of a strong and independent CFPB and its track record of success.

1333 H St. NW, Washington, D.C., 20005
1:00 - 2:00 PM EDT

CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets
Report

CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets

The U.S. Supreme Court is considering a case challenging the autonomy of the single most important agency for the protection of consumers in the financial markets—and its decision could spread uncertainty and harm far beyond the agency.

Lilith Fellowes-Granda, Devon Ombres, Alexandra Thornton, 1 More Crystal Weise

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