Supreme Court Case Threatens Mortgage Industry and Broader Economy
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The Supreme Court will hear a case challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB).
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If the CFPB is ruled unconstitutional, it could disrupt the mortgage industry and broader U.S. economy.
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The CFPB emerged after the 2008 recession to protect consumers against excesses of the financial industry.
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The CFPB has become a key regulator of the $19 trillion mortgage industry.
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A ruling against the CFPB could create uncertainty and stall the mortgage industry, harming the overall economy.