Texas, 7 Other States Join Challenge To Dodd-Frank

Law360, New York (February 13, 2013, 7:10 PM EST) -- Eight states including Texas joined a lawsuit Wednesday challenging the Dodd-Frank financial overhaul, denouncing as unconstitutional the power to liquidate banks, the authority to deem certain institutions more important than others and the sweeping oversight granted to the U.S. Consumer Financial Protection Bureau.

Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia added their voices to the complaint, originally launched in July by three private entities and later joined by Michigan, Oklahoma and South Carolina in hopes of crippling the CFPB and the Financial Stability...
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