AGs' Dodd-Frank Fight Could Point Way For Further Protests

Law360, New York (September 21, 2012, 8:57 PM EDT) -- A challenge by three state attorneys general to federal regulators' power to unwind a complex financial institution may pose a serious threat to one of the Dodd-Frank Act's key planks and serve as a blueprint for banks and others looking to challenge segments of the sweeping regulatory overhaul.

The attorneys general of Oklahoma, South Carolina and Michigan on Thursday signed on to an existing challenge to Dodd-Frank's constitutionality, zeroing in on Title II of the law — a provision containing its so-called orderly liquidation authority, a...
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