Attorney General Raoul Backs Cfpb In Supreme Court Case
On Tuesday, Oct. 3, the Supreme Court will hear oral arguments in Consumer Financial Protection Bureau v. Community Financial Services Association of America. CFSA is asking the Supreme Court to affirm the 5th Circuit’s ruling that threatens the CFPB’s funding and existence. Attorney General Kwame Raoul, as part of a coalition of 16 attorneys general, is asking the Supreme Court to reverse the 5th Circuit’s decision and maintain the CFPB’s existence because it is vital to protecting consumers and ensuring a fair financial system. Earlier this year, Attorney General Raoul and a group of state attorneys general filed an amicus brief in this case . The CFPB serves several functions that are invaluable to states and state attorneys general. It provides necessary transparency and clarity to consumers seeking to navigate a confusing and opaque financial marketplace. It provides educational resources that aid consumers with questions or issues related to their various
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