Media Coverage

'Regulating Through Blog Posts': New Approaches to Challenging the CFPB 

June 11, 2024

Alan S. Kaplinsky spoke to Politico about the new plan of attack critics of the Consumer Financial Protection Bureau might take after a recent Supreme Court decision rejected the argument that the agency's funding mechanism is unconstitutional because it sidesteps Congressional approval.

Mr. Kaplinsky, who established Ballard Spahr's Consumer Financial Services Group and was its longtime leader, spoke to the reporter about how a new strategy might be for opponents of the CFPB to argue that the Federal Reserve, which has not turned a profit in some time, has no "earnings" to use to fund the CFPB, making its continued funding illegitimate.

Mr. Kaplinsky discussed this same topic on the Consumer Finance Monitor blog.

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