Supreme Court's Decision on CFPB Funding

Justice Clarence Thomas split from some of his conservative colleagues in a 7-2 decision to keep the Consumer Financial Protection Bureau (CFPB) funded, despite dissent from Justices Alito and Gorsuch. Sen. Elizabeth Warren's creation of the CFPB has been a point of contention. Thomas's interpretation of the Appropriations Clause is at the center of the debate.

Credit Card Rewards and Government Regulation

The Biden administration's CFPB and DOT held a hearing to scrutinize credit card rewards, with senators pushing for new mandates. The Electronic Payments Coalition defends the value and accessibility of reward programs, citing consumer benefits and increased earnings.