The Office of Financial Empowerment convenes, innovates, and advocates to strengthen the economic security and mobility of all San Franciscans.
Joint Statement by Treasurer José Cisneros and City Attorney David Chiu regarding the Supreme Court’s decision in CFPB v Community Financial Services Association of America
City Attorney David Chiu and Treasurer José Cisneros issued statements today applauding the United States Supreme Court's decision in CFPB v. Community Financial Services Association of America, which ruled that the Consumer Financial Protection Bureau’s (CFPB) funding method is constitutional. The decision is a victory for the CFPB, as it ensures their ability to continue protecting consumers from predatory financial practices.