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You are here News Domestic (USA) Supreme Court agrees to hear case challenging independence of Consumer Financial Protection Bureau

Supreme Court agrees to hear case challenging independence of Consumer Financial Protection Bureau

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Elizabeth Warren The Supreme Court agreed Friday to decide if the consumer protection agency that regulates banks and credit institutions should lose its independence.

The dispute pits the Trump administration against proponents of the Consumer Financial Protection Bureau, the brainchild of Elizabeth Warren when she was a Harvard law professor. The bureau was created as a response to the 2007-08 financial and mortgage-lending crisis

Passed over by President Barack Obama to lead the bureau in 2010, Warren went on to win election to the Senate from Massachusetts and is now leading the field for the Democratic Party's 2020 presidential nomination.

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