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Somewhere in there, big business got *scared*. They cooked up a legal theory declaring the CFPB's funding mechanism to be unconstitutional and got the case fast-tracked to the Supreme Court, in a bid to put Chopra and the CFPB permanently out of business. Instead, the Supremes - *these Supremes!* - upheld the CFPB's funding mechanism in a *7-2 ruling*:

https://www.scotusblog.com/2024/05/supreme-court-lets-cfpb-funding-stand/

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Supreme Court lets CFPB funding stand

The Supreme Court on Thursday rejected a challenge to the constitutionality of the structure used to fund the Consumer Financial Protection Bureau, the federal agency tasked with enforcing consumer finance laws.

^{amy-howe (SCOTUSblog)}

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That ruling was a starter pistol for Chopra and the Bureau. Maybe it seemed like they were taking big swings before, but it turns out all that was just a warmup. Last week on *The American Prospect*, Robert Kuttner rounded up all the stuff the Bureau is kicking off:

https://prospect.org/blogs-and-newsletters/tap/2024-06-07-window-on-corporate-deceptions/

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A Window on Corporate Deceptions

Today on TAP: The amazing creativity of the Consumer Financial Protection Bureau

^{Robert Kuttner (The American Prospect)}

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First: regulating Buy Now, Pay Later companies (think: Klarna) as credit-card companies, with the requirements for disclosure and interest caps dictated by the Truth In Lending Act:

https://www.skadden.com/insights/publications/2024/06/cfpb-applies-credit-card-rules

Next: creating a registry of habitual corporate criminals. This rogues gallery will make it harder for agencies - like the DOJ - and state Attorneys General to offer bullshit "delayed prosecution agreements" to firms that compulsively rip us off:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-creates-registry-to-detect-corporate-repeat-offenders/

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CFPB Applies Credit Card Rules to 'Buy Now, Pay Later' Lenders | Skadden, Arps, Slate, Meagher & Flom LLP

“Buy Now, Pay Later” lenders take note: On May 22 the CFPB issued an interpretive rule extending some credit card issuer obligations to the BNPL industry.

^{www.skadden.com}

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Then there's the rule against "fine print deception" - which is when the fine print in a contract lies to you about your rights, like when a mortgage lender forces you waive a right you can't actually waive, or car lenders that make you waive your bankruptcy rights, which, again, you can't waive:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-warns-against-deception-in-contract-fine-print/

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CFPB Warns Against Deception in Contract Fine Print | Consumer Financial Protection Bureau

The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

^{Consumer Financial Protection Bureau}

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On June 20th, I'll be in Oakland, CA to keynote the @Locusmag Awards:

https://locusmag.com/2024-locus-awards-weekend/

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2024 Locus Awards Weekend, June 19-22

We can’t wait to see you at the Locus Awards Weekend, to be held June 19-22, 2024 in Oakland, California! WEDNESDAY – FRIDAY: We’ll kick off the event with a series of online read…

^{Locus Online}