The Center for Responsible Lending said the Supreme Court's reversal of the appeals court's decision will enable the federal watchdog agency to continue protecting “American’s wallets from predatory financial firms.” “The Supreme Court’s ruling provided a welcome dose of common sense as it rejected an unprecedented, reckless argument that could have destabilized a housing market that undergirds our economy and invited challenges to funding for most of the federal government, including Medicare and the Federal Reserve,” said Nadine Chabrier, senior policy and litigation counsel at the Center for Responsible Lending.
