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- There’s a Trump Era/Charles Koch Big Law Firm Behind the Supreme Court Case That Hopes to Gut the Federal Agency That Fights for the Little Guy
There’s a Trump Era/Charles Koch Big Law Firm Behind the Supreme Court Case That Hopes to Gut the Federal Agency That Fights for the Little Guy
by Pam Martens and Russ Martens Wall Street on Parade
Next Tuesday, the U.S. Supreme Court will hear oral arguments in a case that could have far reaching effects on the legislative ability of Congress to have flexibility in how it funds regulatory agencies, as well as place in jeopardy the survival of the Consumer Financial Protection Bureau (CFPB), a government watchdog for the little guy, elderly, young, poor and unsophisticated against goliaths on Wall Street and other financial predators.
The case arrives at the Supreme Court as a result of a decision handed down in October by a three-judge panel at the right-wing 5th Circuit Court of Appeals. All three judges on the panel (Don Willett, Kurt Engelhardt, and Cory Wilson) were appointed by former President Donald Trump. The 5th Circuit effectively ruled that the CFPB’s funding system, legislated by Congress, was unconstitutional.