The Consumer Financial Protection Bureau, created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, is funded by the US Federal Reserve System rather than an annual appropriation from Congress. That funding includes interest the Federal Reserve earns on securities it holds, profits made on securities transactions and fees charged by the central bank. A challenge to how the CFPB is funded was rejected on May 16, 2024, by a 7-2 vote of the US Supreme Court. The CFPB has instituted consumer protection statutes in areas including payday lending, mortgages, consumer ba...