A Public Service along with these other television providers. Giving you a front row seat to democracy. The suprem court heard oral argunt on whether the consumer fincial Protection Bureaus ndg structure is unconstitutional. The case stems from thegencys payday lending role, the sixth rcuit court of appeals previously ruled against it prompting the federal government to appeal e decision to the supreme cot. The justices have through june 2024 to issue a ruling. We will hear argument this morning in case 22 448, Consumer Financial Protection Bureau versus the Community Financial services association. Mr. Cef justice and may it please the courtthe Circuit Decision in this case is the firs tim any court in our nations historyas held that congress vioted the appropriations clause by enacting a statute providing funding. Roviding funding. This court shouldphold the cfpbs funding statute because it is firmly gunded in constitutional text andn historical practice datin back to the founding. T
Legal foundation. The foundation for individual rights and expression. Id like to welcome you to this Years Supreme Court preview discussion and also welcome to our viewers on cspan. The courts term begins on monday of next week, although this morning we got the surprise of several grants and new cases at that theyre going to hear and its shaping up to be an exciting term. Theres a little bit of something for everyone. Free speech, guns, taxes, and of course, overreach by administrative agencies. We have a lot of ground to cover and only about an hour to do soso im going to jump right into brief introductions of our distinguished panel. John elwood is a partner at arnold and poller where he heads up to the Supreme Court cases. Hes argued 10 cases before the Supreme Court and appeared before nearly every federal Appeals Court in the country. And john writes, the popular relist watch for scotus blog. I hope youll bring back the relist carols this holiday season. And a National Writer on
Most vulnerable members in a dangerous cycle of debt. As this show has reported, these loans are pushed by companies for low to moderate americans with rates that would make a loan shark blush. They deal with tens of thousands of story fronts and online. Regulator are waking up to the threat posed by them that have slipped the knot of regulation new zealand some states. Tonight youre going to hear why the payday loan industry says a federal effort to stamp out Consumer Fraud called open operation choke point. It is important to acknowledge that the idea of someone borrowing a relatively small amount of money, 300 until they get paid in two weeks sounds reasonable. Most people cant pay the loans back on time and that is the reason that four out of five payday loans are renewed within two weeks. Borrowers taking out a median of 10 loans a year. It means that pay day loans put people into an endless cycle of fees more than the amount borrowed. The good news is that the Consumer Protection
They deal with tens of thousands of story fronts and online. Regulator are waking up to the threat posed by them that have slipped the knot of regulation new zealand some states. Tonight youre going to hear why the payday loan industry says a federal effort to stamp out Consumer Fraud called open operation choke point. It is important to acknowledge that the idea of someone borrowing a relatively small amount of money, 300 until they get paid in two weeks sounds reasonable. Most people cant pay the loans back on time and that is the reason that four out of five payday loans are renewed within two weeks. Borrowers taking out a median of 10 loans a year. It means that pay day loans put people into an endless cycle of fees more than the amount borrowed. The good news is that the Consumer Protection bureau will soon propose new rules that may force these lepders to verify a lend lenders to verify the borrowers income, to take into account their obligations, rent, mortgage payments, transpo
They deal with tens of thousands of story fronts and online. Regulator are waking up to the threat posed by them that have slipped the knot of regulation new zealand some states. Tonight youre going to hear why the payday loan industry says a federal effort to stamp out Consumer Fraud called open operation choke point. It is important to acknowledge that the idea of someone borrowing a relatively small amount of money, 300 until they get paid in two weeks sounds reasonable. Most people cant pay the loans back on time and that is the reason that four out of five payday loans are renewed within two weeks. Borrowers taking out a median of 10 loans a year. It means that pay day loans put people into an endless cycle of fees more than the amount borrowed. The good news is that the Consumer Protection bureau will soon propose new rules that may force these lepders to verify a lend lenders to verify the borrowers income, to take into account their obligations, rent, mortgage payments, transpo