Supreme Court saves consumer protection agency in fight with payday lenders
CNN
The Supreme Court ruled Thursday that the federal watchdog created in response to the 2008 financial meltdown may continue to operate in its current form, brushing aside claims from the payday lending industry that could have severely jeopardized years of consumer-friendly banking regulations.
The Supreme Court ruled Thursday that the federal watchdog created in response to the 2008 financial meltdown may continue to operate in its current form, brushing aside claims from the payday lending industry that could have severely jeopardized years of consumer-friendly banking regulations. Justice Clarence Thomas wrote the majority opinion for a 7-2 court. The ruling is a victory for the Biden administration, which argued that a lower court’s decision invalidating the Consumer Financial Protection Bureau’s funding would have gutted years of popular regulations on mortgages, car loans and credit cards. Congress created the bureau in 2010 to protect consumers from financial scams. This story is breaking and will be updated.
Attorneys for Donald Trump conducted an internal investigation into allegations that one of his top aides, Boris Epshteyn, has sought to gain financially from his influence with Trump and others in the president-elect’s orbit, according to multiple sources familiar with the matter.
The special counsel stressed his decision was not about the strength of his case against Trump
CNN’s 5 Things brings you the news you need to know every morning.
A Republican senator has blocked the promotion of a general who oversaw the US withdrawal from Afghanistan, according to a source familiar with the matter, as President-elect Donald Trump has vowed to go after the officials involved in the withdrawal.
Special counsel Jack Smith said Monday that he is dropping his election subversion case against President-elect Donald Trump, seeking the case’s dismissal in a court filing with the judge.
President Joe Biden tapped into his presidential pardon power in the waning days of his time in office Monday, granting clemency to a pair of lucky turkeys and kicking off the holiday season.
The Supreme Court declined Monday to hear a challenge from major tobacco companies to the Food and Drug Administration’s requirement that they place graphic health warnings on cigarette packages and in advertisements.
The family of Ajike “AJ” Owens, a Black mother of four who was shot and killed by her neighbor during an ongoing dispute over children playing near the neighbor’s home, says the 60-year-old white woman deserves “the maximum penalty under the law,” according to a statement.
Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health.
The criminal cases of actors Jussie Smollett and Bill Cosby, both Black, high-profile entertainers found guilty before their convictions were overturned, differ widely in details but share some parallels.
Uruguayans went to the polls Sunday for a second round of voting to choose their next president, with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote.