US Says States, Banks Aren't Harmed By Dodd-Frank

Law360, Washington (June 11, 2013, 8:52 PM EDT) -- The U.S. government urged a Washington federal judge Tuesday to nix 11 states' and a bank's attempts to knock down several Dodd-Frank Act mortgage and bank liquidation provisions on constitutional grounds, maintaining they couldn't show they have been injured by the financial reforms.

While the plaintiffs — which include 11 states, one community bank and two advocacy groups — claim the Dodd-Frank provisions at issue have given the federal government inappropriate power to deem large banks too big to fail and have driven community banks out...
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