The decision is historic in that insurance, according to the Congressional Research Service, has been state regulated for 150 years.
Designation of insurer would be a change after 150 years of strictly state regulation.
Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia would join Oklahoma, South Carolina and Michigan in challenge to CFPB, FSOC.
Although the District of Columbia Circuit Appeals Court invalidated President Barack Obama’s recess appointments to the National Labor Relations Board and potentially overturned the board’s decisions since early 2012, credit unions shouldn’t assume the ruling means the CFPB will meet the same fate, said NAFCU President/CEO Fred Becker.
NLRB plaintiffs say the ruling was significant because it occurred in the same court that is hearing the Cordray suit.
Regulators told the GAO the delay is due to the number, complexity and interconnectivity of new law's rules.
The new development is spelled out in a lawsuit AIG filed Friday in the New York State Supreme Court in Manhattan.
Schapiro among longest-serving agency chairmen; SEC touts accomplishments of her tenure.
On the campaign trail, President Barack Obama and Republican challenger Mitt Romney couldn’t have a bigger difference of opinion when it comes to the Dodd-Frank Act.
The NCUA took an active approach to shoring up credit unions and consumers affected by Hurricane Sandy, making use of field examiners who placed phone calls and sent emails to their assigned credit unions in attempt to survey the damage.