The Facts
In a few weeks, the US Supreme Court will hear oral arguments in the case of Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America Ltd. — a challenge to the funding structure of the CFPB. CFPB is a federal consumer protection watchdog that has focused on issues ranging from payday lenders to student loan lenders.
The case, which will be heard Oct. 3, is an appeal by the Biden administration of a Fifth Circuit court ruling that said the funding structure is unconstitutional.
The Spin
Democratic narrative
The Republican Party continues to prove it has little regard for what its voters want and is only interested in protecting businesses — even those that prey on consumers. The CFPB is popular with Republican voters, but that hasn’t stopped the party from conducting a yearslong campaign to dismantle the agency, including this case.
Republican narrative
Democrats don't implement policies that actually protect consumers. These measures are about implementing stifling regulations — even ones that violate the Constitution. Luckily the courts can restrain overregulation and prevent Democrats' attempt to push the US from healthy capitalism to unhealthy socialism.
