Thomas agrees: the Consumer Financial Protection Bureau doesn't have to petition Congress for funds each year like other govt programs.
It's authorized to draw from the Federal Reserve whatever its Director deems "reasonably necessary to carry out" the Bureau’s duties, subject only to an inflation-adjusted cap.
He wrote: the only question is does this funding mechanism comply w/the Appropriations Clause. We hold it does.
CFPB is uniquely fitted as the enforcement arm of the Federal Reserve in it's function to "[promote ] consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations." As such, its budget is logically an extension of & derives from the Fed's budget. https://www.federalreserve.gov/
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