The Supreme Court is expected to rule in the next month or two on CFPB v. CFSA, a case challenging the CFPB’s independent funding mechanism through the Federal Reserve. AFSA submitted an amicus brief in support of CFSA.
When Congress first met on March 4, 1789, one of the first items of business was to fulfill the requirements of Article III, section 1, of the Constitution. John Jay of New York took the oath as the first Chief Justice on October 19, 1789. The Court's journey from its early days in the Merchants Exchange Building in New York City to its current home on First Street in Washington, D.C., is a testament to its evolution over time.
Chief Justice William Howard Taft played a pivotal role in advocating for a permanent home for the Court, a vision that was realized in 1935. This marked a significant milestone in the Court's history, providing it with a dignified and important space befitting its role as the highest court in the land.
Parties unsatisfied with lower court decisions must petition the U.S. Supreme Court for review. The Court carefully selects cases, typically choosing those of national significance or with the potential to resolve conflicting decisions. The Justices follow a set of rules, with a minimum of four Justices required to accept a case.
The Court's Term begins on the first Monday in October, with sessions continuing until late June or early July. Each side in a case is allotted 30 minutes to present arguments, and the Court hears approximately two arguments a day. The release of opinions is a significant moment, with the Court announcing dates for opinion releases without prior indication of the cases involved.
As we await the ruling on CFPB v. CFSA, the public glimpse into the inner workings of the Supreme Court provides valuable insights into its processes and procedures.