Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited (601 U.S. 416)
U.S. Supreme Court · decided May 16, 2024 · Supreme Court Database (Spaeth)
- Citation
- 601 U.S. 416 · 144 S. Ct. 1474
- Decided
- May 16, 2024
- Term
- October Term 2023
- Vote
- 7–2
- Majority author
- Justice Thomas
- Issue area
- Miscellaneous
- Disposition
- Reversed and remanded
- Outcome
- Petitioning party won
- Ideological direction
- Liberal
Opinion excerpt
(Slip Opinion) OCTOBER TERM, 2023 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321 , 337. SUPREME COURT OF THE UNITED STATES Syllabus CONSUMER FINANCIAL PROTECTION BUREAU ET AL. v. COMMUNITY FINANCIAL SERVICES ASSOCIATION OF AMERICA, LTD., ET AL. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT No. 22–448. Argued October 3, 2023—Decided May 16, 2024 The Constitution gives Congress control over the public fisc subject to the command that “[n]o Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” Art. I, §9, cl. 7. For most federal agencies, Congress provides funding through annual ap- propriations. For the Consumer Financial Protection Bureau, how- ever, Congress provided a standing source of funding outside the ordi- nary annual appropriations process. Specifically, Congress authorized the Bureau to draw from the Federal Reserve System an amount that its Director deems “reasonably necessary to carry out” the Bureau’s duties, subject only to an inflation-adjusted cap. 12 U. S. C. §§5497 (a)(1), (2).…
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