Supreme Court rejects payday lenders’ challenge to Obama-era consumer protection bureau
Updated 19 minutes ago
WASHINGTON — The Supreme Court on Thursday upheld the U.S. consumer protection agency that was created under President Barack Obama and congressional Democrats to protect Americans from financial scams. By a 7-2 vote, the justices rejected a constitutional claim brought by a coalition of payday lenders who had won before a panel of three Donald Trump appointees on the 5th Circuit Court of ...