Supreme Court Makes SHOCKINGLY Good Decision, Protecting The CFPB
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- Опубликовано: 15 май 2024
- The Consumer Financial Protection has been PROTECTED by the conservative Supreme Court. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show: tyt.com/team
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"The Supreme Court on Thursday rejected a broad challenge to the Consumer Financial Protection Bureau, reversing a lower-court ruling that would have undermined the watchdog agency Congress created in the wake of the financial crisis to protect borrowers from predatory lenders, junk fees and other abuses.
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In a 7-2 decision written by Justice Clarence Thomas, the court said the CFPB’s funding mechanism is constitutional. The agency draws its budget through profits of the Federal Reserve, not an annual appropriation by Congress."
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240516__TB01SCOTUS
America will never look at the supreme Court with faith ever again
Payday lenders must’ve fallen behind on their payments to the court. How ironic.
Even broken clocks are right twice a day.
That's hilarious!!!
Real message: Predatory lenders obviously need to up their contributions to Clarence's retirement fund..
Almost nobody should be using payday lenders. Nuff said.
All money usury should be outlawed and made a high crime. It used to be punishable by death, before a certain culture gained power and said "no its good for the economy"... can you guess which culture that was?
They are predatory. There must be limits to the industry.
@@ItsReallyJackBlack there actually are limits, somewhere around 300 to 400% apr 😱
This ,with justice Thomas as the leader, does not in any way correct SCOTUS crazy rullings or with anything Thomas has done
Isn't it a sad state of affairs when it is a shocking and noteworthy event if the Supreme Court makes a good decision?
It's sad that it's not that shocking, but people are so hyper-partisan that decisions like this are quickly forgotten.
But "her e-mails"?
Wait….since when does a private company get to tell the government where it gets funding from for certain government agencies? The CFPB needs to be as independent and transparent as possible because then they could be beholden to congressional interests and corruption.
They better get this trump stuff done and correctly. No one is above the law not the president and not judges. The constitution is the law
I agree. The sooner they issue a ruling that POTUS cannot be prosecuted for their actions in office without first being stripped of their office - and immunity - through being impeached by the House and convicted by the Senate, the sooner the madness will end.
Even a broken clock is right twice a day. Now, restore the Glass-Steagall Act.
Yeah! About damn time we distinguish commercial and investment banking again!
a broken clock is correct twice a day
Trump put together a dynamite court!!!
Pure delusional garbage from the bed wetting troll, MAGApeepee. I've rendered you the laughing stock of TYT and it's driving you mad. hahaha
@@brucebasile5083 Bruce...has mom brought down your favorite hotpocket to your basement "apartment" yet?
@@spankyssurprise1361 Another poorly educated cultist spewing delusional babble for us to laugh at. hahaha
Trump is the GPOAT Greatest President Of All Time!!
Who were the two dissenting justices? And what was the line[s] of reasoning?
In the video. Alito and Gorsuch. I'm certain the judges were upset that someone might be dipping into their grift.
Changes to the laws in the UK have pretty-much put payday lenders (who were charging interest at up to 1500%) out of business Over Here. Thank goodness!
yes
They are just throwing a bone to the people with judgments that don't derail their goals.
How did you two get through a whole segment without blaming something on Joe Biden??
Maybe they could share their secret with MSNBC regarding Trump.
Woz been killing it this week on every show
yes
Thank you for the update - great work.
What are these guys obsession with Ana in the comments? Sorry she is making sense, move along now boys.
This is a trade off. See what the court rules on next. Presidential immunity ?
It’s pretty sad when the Supreme Court gets something right this is news that is so shocking but when it’s goes against what you believe they are evil..
Dirty lobbyists make congress dirty , the congress bills are self serving or serving the people with the most money .
CFPB appointees are at the whim of the executive branch .
Even a broken clock ... ...
I'm sure it benefits the right people but it's still a win.
Now all we need for this IMPORTANT agency, is to fully fund it so that it can do what it is supposed to do!!!!!!. You are totally correct that the Banks, and finance Companies HATE this agency!!!!!!
Maybe your idea of what motivates Conservatives is not correct.
Who were the two supreme court judges that were in desent? 😒🙄🤔🤬👎
Gorsuch and Alito, who were most likely correct.
@@TomBarbashev Whatever you say, clownie! 🤡
@@TomBarbashev 🤡
Shocking is right. Thank goodness the Court finally did something to benefit we the people.
Can't say the same for the state of Arkansas (Sarah Huckabee) supreme court when it comes to voters rights....they just dealt a blow to voter's rights.
For the people not the crooks. Hallelujah!
They're just tossing us a bone.
omg - I thought the EXACT same thing.
Student loans are predatory loan sharking usury interest rate lending too. Ive payed 35000 back on ax17000 dollar student loan theyvwant 81000 more. With a 10 percent interest rate. You know thats loan sharking.
Reading through the comments on this site I notice several that are personal attacks. Personal attacks are hateful and despicable. They do not further the discussion in any positive way. We as a people deserve more respect from each other. If you wish to be taken seriously and have your voice register please do not attack people’s family or personal lives they have no bearing on civil discourse about real issues.
I hate to say it, but I think Alito and Gorsuch might be right here. Do I really want the FBI to be independently funded like the CIA is? Anyone who doesn’t think the CIA is not independently funded either indiscretions now only nationwide but worldwide. Think of any department do you really want independently funded by an act of the president? and yes, I am aware of this was a bill through Congress, Republicans have shown they can get bills through Congress too. You don’t think they would love to have an independently funded border agency? I think Democrat should get independently funded IRS now. It’s not a place we go down.
Heyyyyyy this is my area of expertise as a financial investigator! And I'll say investigators who work with clients to recover their funds are very excited for this news! 🙌🏻
When the law is in your favor, you like it. When it isn’t, you encourage people to harass judges. You’re evil.
SHOCKING NEWS, for sure! Even a broken clock...
Don't give them too much credit, they did what they should have - it was a no brainer. But I guess to expect normal decisions out of them is a miracle now a days.
Exactly, this fake Supreme Court is so corrupt that nobody expects them to actually do the right thing ever!!
We don't need these decisions that are so obvious to be good news. We need to hear about the Immunity and Jan 6 decisions. Why are they taking so long to decide???!!!!
I'm conservative and I LOVE the CFPB. Saves me a ton of money all the time and is much faster and reliable than sending a collection agency a certified letter.
And yet you vote for republicans. you're a traitor.
Now if they'd only hold up the Constitution
The problem is also with the banking systems. These so called lawmakers know how to make deals with even banks and corporations. It’s funny to me how struggling people are trying to get ahead and how when you seem to have extra money suddenly your utilities , bill payments change just to keep you struggling. Lawmakers are exploiting the situations so everybody gets involved. How about removing all the corruption to make things fair across the board.
Wow 😳 This Very Serious Important New's. I'm So Excited When I Heard This
Thank you for this Lord knows we need a good story.
Fine out who in the lower court trying to run this through. Let see the name and faces of the lower courts
They maybe doing this for optics.
Please STOP saying “we live in a democracy”. That is simply untrue or a “LIE”, if you will. We live in a “Constitutional Republic”, & yes there is a difference.
A "democracy" is 4 wolves and 1 sheep voting on what's for dinner .... A Republic is a nation governed by Law .. There are two things that democrats hate worse than they hate Trump .... True honest democratic process, and the Law.
That kind of ridiculous post dosen't make you appear as smart as you seem to think you are.
@@usmcmustang2972
Here is another foolish post from someone who thinks he is a stable genius.
This whole section seems profoundly satirical, you commenters are talking about the law, and democracy two human constructs
What about the IRS? There is no Congressional mandate to fund that agency. Up until a few terms ago, the USPS did not receive funding from a Congressional mandate, they operated their own budget based upon sales, but they were not a for-profit venture.
Clear reporting! GREAT JOB!
Jesus ana. Awfully excited by the supreme court throwing the people a bone to avoid the look of impropriety when they give trump permission to do whatever he wants.
Love this court!
Same old garbage from the bed wetting troll. MAGApeepee.
They just wanna have some cover for whatever horrific things they are planning to do in the near future. There are plenty of decisions ahead.
Agreed
Stunning, actually
Wow! They are scared so they are throwing a bone.
One of the few liberal policies i agree with
It's truly extraordinary that there's nothing in place to prevent big business from lobbying against their own watchdogs
Well... I can safely say i didn't see this coming.
Excellent... thanks
Whats crazy is: this is THE most important story to ME, that affects my life, and yet, not a word on cnn, drudge, usa today, faux news, msnbc, anywhere.
Share your wealth is all I’m saying. Not that hard
It’s pretty sad when it’s shocking that the supreme court does something to help the majority and not bend at the knee to a few
Good stuff, however, the comment section sounds like a bunch of deplorables came out of the woodworks for this piece.
Well, it ended up in my deplorable feed. I never get TYT in my feed. Good luck on November 5.
When this supreme court makes good decisions for the people that means something is coming up another bad decision for the people especially a good decision for Trump be in a lookout for the good cop in the cop act
SCOTUS has to give the impression that they are operating in good faith. That way they can stick it to the people on more important issues.
I'd love to see principled arguments against their rulings from you guys, but all I ever see are smears and attacks.
Roe v Wade & Citizens United are two resent decisions that further eroded the illusion that principles ever existed.
I totally need the phone number for the CFPB
Then the banks need bailed out .
What a scam
Guess the payday lenders will just have to go back to paying local law enforcement to turn a blind eye while they go back to the old protection racket model of business.
As a pointless aside, whenever Wosny is on, I'm totally distracted by the framed Modigliani print in the background.
They are not making good decisions at all!
Thank you Jesus!
People say the Federal reserve is unstable, how are they profiting?
OF COURSE Alito was against this.
I can’t believe she’s agreeing with them for once
About time ,wow Clarnce Thomas finally
They're getting ready to issue a terrible one. They always pretend they're human right before they do that.
I am afraid that you are correct, sadly.
Yea.
That Presidential immunity for Rump is still pending.
THAT is going to be a whopper.
Just watch.
Great news!
I think that if consumers are defrauded, they should all be made holes
I w”Ana” be adored! 🌊
for now. with scotus they need to be wine and dine to rule in your favour againts the govement
Good, now do the same for Glass Steagall
Great take, Ana. But you're Tulsi Gabbard now, according to the Vanguard guys. Go on their show and shred them!
While I like the purpose of the agency, I do not like that it is funded in an unusual way that seems to skirt oversight. That's what this case is about. Not whether or not the SCOTUS approves of the agency, but whether or not this method of funding the agency is constitutional.
If they outlawed the CFPB, by outlawing unorthodox methods, the precedent could even prevent police departments being funded my civil forfeiture.
SO LET IT BE
It's a pitiful society that needs laws to tell everyone the difference between right and wrong!
Every society on earth needs laws to tell people right from wrong. Why is that pitiful? It's the human condition
🎉The Supreme Court is trying to save the 2024 presidential election for the GOP by throwing a bone to us the dogs.
Bs...they have payday lenders at every corner in every town in america.
Someone had to spikes their water
Yes no more lenders and corrupt lenders stealing from ordinary customers abd Americans
Ok! Somebody get Satan a coat!
They had to side with the CFPB. Otherwise funding Iranian weapons with Mexican drug money would be treason.
Congress could always change the law that funds the CFPB…. So it’s just a logistical issue, not a constitutional issue.
Payday lenders are legal loan sharks. Usery is the law that is supposed to protect us from massive interest rates. In California, that is anything over 25% annually while payday lenders often charge over 400%.
2008 was sparked by Congress ( Barney frank & friends)
Ana does a great job here.
A lifelong appointment does come with certain requirements. I’m now wondering if every single appointment from trump needs to be scrutinized.
Never had that thought before, but tRump put us into a different era.
Anna is hot enough to be conservative
Now don't tell me scotus is purely partisan.
Someone must have forgotten to payoff the judges.
Wait - what - who? Let’s see how this decision gets screwed up…
It's been awhile since I have been watching the news! Missed all of you!