US Supreme Court rejects bid to gut consumer protection bureau

WASHINGTON - The U.S. Supreme Court ruled on Thursday that the funding mechanism for the Consumer Financial Protection Bureau is constitutional, fending off a conservative attack on the agency.

The vote in the nation's high court was 7-2, with four conservative justices siding with the three liberals and two conservatives dissenting.

The CFPB was created by Congress in the wake of the 2008 global financial