he Supreme Court’s decision allows the CFPB to continue receiving funds directly from its parent agency, the Federal Reserve, without yearly congressional oversight, the Daily Signal reports.
Established under the Dodd-Frank Wall Street Reform and Consumer Protection Act as a response to the 2008 financial crisis, the CFPB’s funding mechanism has been a point of contention.
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The problem may not last too much longer, since it’s dependent on or connected with the Federsal Reserve.
Congress still has oversight of the Federal Reserve...
https://www.federalreserve.gov/monetarypolicy/bst_oversight.htm
Congress hold exclusive authority to rewrite the Fed Reserve Act...