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Analysis of Legal Challenge on Funding Structure
The chapter delves into a legal challenge on the funding structure of the CFPB, with a focus on the Appropriations Clause and the Supreme Court's 7-2 decision upholding the funding mechanism. Justice Kagan's concurrence and the rejection of challengers' theories are highlighted, emphasizing Congress's authority over funding and historical context. The discussion extends to dissenting opinions, implications of triggering a recession, and a critical analysis of the misrepresentations found in legal opinions.