February 27, 2023

Brown Statement on Supreme Court Decision to Hear CFPB Case

Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Supreme Court announced that it would reconsider the Fifth Circuit court’s decision in Community Financial Services Association of America v. Consumer Financial Protection Bureau next term:  

“Congress created the CFPB so that consumers could have an agency dedicated to one thing: fighting for their interests, not Wall Street’s. The CFPB’s funding structure is constitutional and the CFPB should be allowed to continue its crucial work. A delay in hearing this case only hurts consumers, as this is an urgent issue that has horrifying implications for consumers and our entire financial system,” said Brown. “I will always fight for the CFPB so that it can continue its important work helping create an economy centered around working families.”

Brown has long fought for consumers and to protect the CFPB. In October, he released a statement denouncing the Fifth Circuit’s decision. In December, he reaffirmed Senate Democrats’ support for the CFPB at the agency’s Semi-annual Report to Congress.