“If I have anything to do with it, there will not be taxation on our credit unions,” the House Financial Services chairman said.
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.
Friday's decision invalidates NLRB appointees, could impact Richard Cordray's recess appointment last year to CFPB.
The hearing will take place the day after Valentine’s Day, but there probably won’t be any candy and flowers for the witnesses.
Congressional Republicans think President Obama has some explaining to do with regards to the appointment of Richard Cordray.
Volunteer training, dealing with growing compliance demands and staying profitable enough to stay alive.
The National Labor Relations Board recently intervened in a case to resolve complaints from employees who were fired after commenting on co-workers via social media.
New labor rules cover credit union employees too, lawyer says.