{"id":6330,"date":"2023-02-27T15:20:54","date_gmt":"2023-02-27T20:20:54","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=6330"},"modified":"2023-02-27T15:21:14","modified_gmt":"2023-02-27T20:21:14","slug":"nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/","title":{"rendered":"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding"},"content":{"rendered":"\n<p class=\"content-wrap-item post__paragraph\">FOR IMMEDIATE RELEASE&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">February 27, 2023&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">Contact: Izzy Woodruff | 202-898-1661 | <a href=\"mailto:iwoodruff@nationalfairhousing.org\" target=\"_blank\" rel=\"noreferrer noopener\">iwoodruff@nationalfairhousing.org<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>Washington, D.C. \u2014 <\/strong>Today, the U.S. Supreme Court announced that it will accept the Consumer Financial Protection Bureau (CFPB)\u2019s request to review an October 2022 ruling by the U.S. Court of Appeals for the Fifth Circuit that found, in an unusual opinion, the CFPB\u2019s funding mechanism to be unconstitutional. NFHA\u2019s Executive Vice President, Nikitra Bailey, issued the following statement on the Court\u2019s announcement:&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cThe Supreme Court\u2019s decision to review the Fifth Circuit Court case underscores the importance of the issue at hand. When NFHA and partners helped create the CFPB following the 2008 financial crisis and Great Recession, we did so to ensure that consumers \u2014 particularly Black and Latino consumers who lost $1 trillion in wealth \u2014 had a federal regulator standing up for them in the face of financial giants whose predatory power was virtually unchecked. The Fifth Circuit Court\u2019s incorrect assertion that the CFBP\u2019s structure violates the Constitution\u2019s Appropriations Clause is just one more assault in a long line of attacks against the consumer protection agency, seeking to undermine its legitimacy. But the CFPB\u2019s legitimacy is incontrovertible, and its funding structure is not unlike that of other banking regulators. Most importantly, the agency\u2019s enforcement actions have provided billions in relief to victims of financial abuse. As our nation\u2019s first financial regulator explicitly working to ensure fair financial treatment for all Americans, the CFPB plays an indispensable role in our society. We urge the Supreme Court to reverse the lower court\u2019s ruling so that the CFPB can remain independent and continue to protect consumers.&#8221;&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\">###&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong><em>The National Fair Housing Alliance (NFHA)<\/em><\/strong><em> is the country\u2019s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations and individuals throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOR IMMEDIATE RELEASE&nbsp;&nbsp; February 27, 2023&nbsp; Contact: Izzy Woodruff | 202-898-1661 | iwoodruff@nationalfairhousing.org&nbsp; Washington, D.C. \u2014 Today, the U.S. Supreme Court announced that it will accept the Consumer Financial Protection Bureau (CFPB)\u2019s request to review an October 2022 ruling by the U.S. Court of Appeals for the Fifth Circuit that found, in an unusual opinion, [&hellip;]<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,2],"tags":[53,134,107,80,81],"class_list":["post-6330","post","type-post","status-publish","format-standard","hentry","category-news-media","category-press-releases","tag-cfpb","tag-consumer-advocacy","tag-consumer-protection","tag-scotus","tag-supreme-court"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding - NFHA<\/title>\n<meta name=\"description\" content=\"FOR IMMEDIATE RELEASE&nbsp;&nbsp; February 27, 2023&nbsp; Contact: Izzy Woodruff | 202-898-1661 | iwoodruff@nationalfairhousing.org&nbsp; Washington, D.C. \u2014 Today, the U.S. Supreme Court announced that it will accept the Consumer Financial Protection Bureau (CFPB)\u2019s request to review an October 2022 ruling by the U.S. Court of Appeals for the Fifth Circuit that found, in an unusual opinion, [&hellip;]\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding - NFHA\" \/>\n<meta property=\"og:description\" content=\"FOR IMMEDIATE RELEASE&nbsp;&nbsp; February 27, 2023&nbsp; Contact: Izzy Woodruff | 202-898-1661 | iwoodruff@nationalfairhousing.org&nbsp; Washington, D.C. \u2014 Today, the U.S. Supreme Court announced that it will accept the Consumer Financial Protection Bureau (CFPB)\u2019s request to review an October 2022 ruling by the U.S. Court of Appeals for the Fifth Circuit that found, in an unusual opinion, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"NFHA\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T20:20:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-27T20:21:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalfairhousing.org\/wp-content\/uploads\/2022\/03\/NFHA_full_purple.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rachel VanArsdale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel VanArsdale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/\",\"url\":\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/\",\"name\":\"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding - NFHA\",\"isPartOf\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#website\"},\"datePublished\":\"2023-02-27T20:20:54+00:00\",\"dateModified\":\"2023-02-27T20:21:14+00:00\",\"author\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalfairhousing.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalfairhousing.org\/#website\",\"url\":\"https:\/\/nationalfairhousing.org\/\",\"name\":\"NFHA\",\"description\":\"National Fair Housing Alliance\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalfairhousing.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\",\"name\":\"Rachel VanArsdale\",\"url\":\"https:\/\/nationalfairhousing.org\/author\/rachelvanarsdale\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding - NFHA","description":"FOR IMMEDIATE RELEASE&nbsp;&nbsp; February 27, 2023&nbsp; Contact: Izzy Woodruff | 202-898-1661 | iwoodruff@nationalfairhousing.org&nbsp; Washington, D.C. \u2014 Today, the U.S. Supreme Court announced that it will accept the Consumer Financial Protection Bureau (CFPB)\u2019s request to review an October 2022 ruling by the U.S. Court of Appeals for the Fifth Circuit that found, in an unusual opinion, [&hellip;]","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalfairhousing.org\/nfha-statement-on-supreme-court-decision-to-review-fifth-circuit-court-opinion-about-cfpb-funding\/","og_locale":"en_US","og_type":"article","og_title":"NFHA Statement on Supreme Court Decision to Review Fifth Circuit Court Opinion About CFPB Funding - NFHA","og_description":"FOR IMMEDIATE RELEASE&nbsp;&nbsp; February 27, 2023&nbsp; Contact: Izzy Woodruff | 202-898-1661 | iwoodruff@nationalfairhousing.org&nbsp; 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