The Supreme Court seems likely to side with the Consumer Financial Protection Bureau

By MARK SHERMAN
Associated Press

WASHINGTON (AP) — The Supreme Court seems likely to preserve the work of the Consumer Financial Protection Bureau against a conservative-led challenge. Even some conservative justices sounded skeptical Tuesday of arguments that the agency, created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance, violates the Constitution in the way it is funded. The CFPB case is one of several major challenges to federal regulatory agencies on the docket this term for a court that has for more than a decade been open to limits on their operations. But a majority of the court appeared ready to reject the sweeping arguments made by the lawyer for payday lenders whose challenge to a CFPB rule spawned the Supreme Court case.