U.S. Supreme Court. Credit/Shutterstock
CUNA and NAFCU filed a joint brief in the U.S. Supreme Court Monday supporting an issue raised by payday lenders that would force Congress to abandon the CFPB's independent funding if the agency is to survive.
The brief, which also included the National Association of Credit Union Leagues, supports the payday lenders' argument that Congress violated the Constitution when it passed the law in 2010 that created independent funding for the CFPB.
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