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SCOTUS declines case on constitutionality of CFPB

The Hill reports that the U.S. Supreme Court has refused to hear a case challenging the constitutionality of the Consumer Financial Protection Bureau. The case was an appeal from the U.S. Court of Appeals for the District of Columbia decision to reject a challenge by The State National Bank of Big Spring, the Competitive Enterprise Institute and the 60 Plus Association to the constitutionality of the CFPB's structure as an "independent" agency.

The D.C. Circuit's decision to dismiss the case came after the court's full panel of judges had upheld the constitutionality of the Bureau's structure in another case.

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