Supreme Court Rules Against State Attorney General's Testifying Against CFPB

On October 3, 2023, the United States Supreme Court will hear arguments against the Consumer Financial Protection Bureau on its legality of funding. 


The case was brought up by Community Financial Services Association, a trade organization for Payday Lenders. Twenty-seven state Attorney General’s requested to participate in oral arguments against the CFPB funding on behalf of their state.  


West Virginia Attorney General Patrick Morrisey and 26 other AGs argued last month that their background in consumer protection issues gives them a “special understanding of how an unbounded CFPB can damage the consumer-financial markets — and impair the States’ own abilities to regulate those markets,” according to a petition seen by Bloomberg Law. 


The order rejecting oral arguments from the State Attorney Generals participating was unsigned and delivered on Monday, August 21.