Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

The Supreme Court has rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau. The justices ruled Thursday the way the agency is funded does not violate the Constitution, reversing a lower court. The CFPB was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. The case was brought by payday lenders who object to a CFPB rule. The case is among several major challenges to federal regulatory agencies on the docket this term for a court that's for more than a decade been open to limits on their operations. The CFPB was the brainchild of Democratic Sen. Elizabeth Warren of Massachusetts and has long been opposed by Republicans.