D.C. Circuit Court rules in favor of a small community bank’s standing to sue the CFPB.
Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.
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.
Trades praise Cordray's accessibility, libertarian think firm revisits recess appointment constitutionality.
The Competitive Enterprise Institute, a Washington think tank with a conservative reputation,