The Supreme Court May Eliminate Key Financial Regulations and Rule Whole Swaths of the Government Unconstitutional

The Supreme Court has a long record of catering to wealthy corporations at the expense of actual people. But in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association (CFSA), the Court could go as far as declaring an entire federal agency — the only one whose sole job is to protect people from financial service corporations like exploitative payday lenders — unconstitutional.

An adverse ruling in the case could not only destabilize the entire financial industry and potentially trigger a massive economic crisis, but also call into question the constitutionality of other crucial government programs and entities, including Social Security, Medicaid, insurance on savings accounts, the USPS, and the U.S. Mint. At stake is the government’s ability to function, deliver services, and protect people.