Dodd-Frank Foes Could Devise Strategy From Failed Suit

Law360, New York (August 2, 2013, 7:41 PM EDT) -- Although a judge on Thursday dismissed a broad attack against several key Dodd-Frank Act provisions from a Texas bank, conservative activist groups and 11 states on standing grounds, the ruling clarifies how more targeted challenges against the sprawling law could succeed, experts say.

U.S. District Judge Ellen Segal Huvelle found the plaintiffs lacked standing to bring the challenge to parts of Dodd-Frank, largely because none of them had been directly harmed by the rules and agencies the sprawling 2010 financial regulatory reform law had established. The...
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