Supreme Court's Verdict Looms Over Unaccountable Federal Agency's Power

The Supreme Court is set to hear oral arguments in a case that challenges the constitutionality of the Consumer Financial Protection Bureau (CFPB), an agency with unprecedented regulatory enforcement powers. The CFPB's funding mechanism, which allows it to operate independently of Congress, is being questioned for violating the separation of powers. The agency has faced controversy for its actions against American companies, restrictions on short-term loans, attempts to ban arbitration agreements, and expansion of anti-discrimination provisions. The court's decision could have significant implications for the agency's power and accountability.