The court has already begun looking forward to the next term just two weeks after the Justices released their opinions for the 2022-23 term. Friday, the Supreme Court released its calendar for October’s oral arguments. Just six cases will be heard by the justices over a five-day period between October 2 and 10. The session will, however, include several high-profile cases, such as the challenge to a purported racial gerrymander in South Carolina’s congressional map and a challenge to the constitutionality of the law providing funding for the Consumer Financial Protection Bureau.
Justices will hear arguments in Community Financial Services Association and Consumer Financial Protection Bureau On Oct. 3, second day of session, the payday-lending industry challenged a CFPB rule that prohibited lenders from withdrawing payments from borrowers’ bank accounts after two unsuccessful attempts due to lack of funds in the accounts. The case began as a challenge by the payday-lending industry to a CFPB rule that barred lenders from trying to withdraw payments from borrowers’ bank accounts after two unsuccessful attempts due to lack of funds in the accounts.
The U.S. Court of Appeals of the 5th Circuit ruled against the rule. It explained that CFPB funding came directly from the Federal Reserve who collects fees for member banks rather than money allocated by Congress.