This week, the U.S. Supreme Court heard a case brought by groups representing payday lenders, who argue that the way the Consumer Financial Protection Bureau is funded is unconstitutional. Most of the justices seem skeptical of the claims, but a decision is not expected until next year. CFPB Director Rohit Chopra says the agency will continue to work while the case is being decided and that the U.S. Solicitor General gave a "stellar argument."  One of the big issues for the CFPB at the moment are big tech and payment systems. Chopra says "the U.S. is really lurching towards a market structure that's more like we see in China. One that is fueled by a lot of surveillance and even censorship. One that actually mixes up banking payments with commercial activities." Chopra adds that the U.S. has a history of "trying to separate banks from the real economy, so that they are supporting other businesses, not steering towards those businesses." Chopra points to big tech businesses trying to create their own currencies as a one way the tradition is being upended. Chopra also stressed the need to make sure that these systems are not "trafficking fraud" and how regulators need to take a close look at stablecoins.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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