Boyle Statement on Supreme Court Decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited

WASHINGTON, DC — Today, the Supreme Court overturned a lower court ruling in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The lower court ruling challenged the constitutionality of the funding structure for the Consumer Financial Protection Bureau (CFPB), which could have also endangered countless other programs not funded through annual appropriations, including Social Security, Medicare, and Medicaid. Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, released the following statement:

“The Supreme Court’s decision today upholds Congress’ constitutional authority to fund the government and confirms that the extreme views of the Republican plaintiffs are exactly that: extreme. If they had been successful, the plaintiffs would have endangered the CFPB and all of its protections for consumers – including its recent rule cracking down on excessive credit card late fees. And even more dangerously, this case could have led to nearly two-thirds of all federal spending being ruled unconstitutional – including Medicare, Medicaid, and Social Security.”

“Extreme MAGA Republicans’ obsession with cutting Medicare and Social Security is well-documented – just two months ago former President Trump said there was ‘a lot you can do in terms of entitlements, in terms of cutting.’ Let’s be clear: Republicans failed to achieve their goal of cutting these bedrock programs under Trump, and they have failed again in the court today. President Biden and Democrats believe unequivocally in protecting Americans’ earned benefits, and whether it’s in the courts, in a commission, or in Congress, we will stand up to Republican attacks on Social Security and Medicare.”

In May of 2023, Ranking Member Boyle signedan amicus brief defending the CFPB's funding structure and the agency's important regulatory authority to protect consumers. For more information about the amicus brief, click here.

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