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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.