Atty Challenging CFPB's Existence Vows To Fight On

Law360, New York (July 17, 2013, 6:29 PM EDT) -- An attorney leading the challenge to the Dodd-Frank Act and the establishment of the Consumer Financial Protection Bureau on Wednesday said the recent Senate confirmation of Richard Cordray to lead the agency does not at this point affect their case.

One of the claims in the suit brought by the State National Bank of Big Spring, Texas, two conservative activist groups and 11 states is a challenge to President Barack Obama's January 2012 recess appointment of Cordray. The suit says that the recess appointment was unconstitutional,...
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