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May 20, 2024, 1:38 PM
May 17, 2024, 3:21 PM
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CFPB director plans to expand staff and implement new rules after Supreme Court ruling

Consumer Financial Protection Bureau agency of the United States government responsible for consumer protection in the financial sector Supreme Court of the United States highest court in the United States
Highlights
  • Supreme Court rejects challenge to CFPB's funding model.
  • CFPB director Rohit Chopra announces hiring additional staff and pursuing legal actions against companies accused of wrongdoing.
  • The ruling clears legal uncertainty for CFPB to strengthen its operations and oversight in the financial sector.

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