A former President Trump-appointed judge in Texas halted President Biden’s administration’s plan to decrease late fees on credit cards to $8. The new rule, which was set to take place next week, w…
Fox News won’t bother mentioning this to their viewers.
Yeah except that he ruled based on a previous ruling that the CFPB was improperly funded by Congress because it wasn’t constitutional. This time it was properly funded so that no longer applies (basically ruling the way that the CFPB is funded – via the Federal Reserve (they used to do some of the stuff that the CFPB now does) per the Dodd-Frank Act that Congress instead of being part of the normal annual budget is unconstitutional).
Seems like an easy target for SCOTUS to kick the lawsuit back down to the circuit court and tell the court that it was erroneous in its ruling. But the SCOTUS isn’t really predictable anymore, so who knows.
I listen to a lawyer podcast and they said you can tell when SCOTUS is going to to do something horrible. Because suddenly they play nice and there’s a lot of unanimous rulings that come out. You know like this year…
Yeah except that he ruled based on a previous ruling that the CFPB was improperly funded by Congress because it wasn’t constitutional. This time it was properly funded so that no longer applies (basically ruling the way that the CFPB is funded – via the Federal Reserve (they used to do some of the stuff that the CFPB now does) per the Dodd-Frank Act that Congress instead of being part of the normal annual budget is unconstitutional).
Seems like an easy target for SCOTUS to kick the lawsuit back down to the circuit court and tell the court that it was erroneous in its ruling. But the SCOTUS isn’t really predictable anymore, so who knows.
No the SCOTUS IS predictable and in a bad way.
I listen to a lawyer podcast and they said you can tell when SCOTUS is going to to do something horrible. Because suddenly they play nice and there’s a lot of unanimous rulings that come out. You know like this year…