With Cordray's authority in doubt, banks weigh spurning his agency

, The National Law Journal


The Consumer Financial Protection Bureau was dealt a devastating—if indirect—blow last week, when the U.S. Court of Appeals for the D.C. Circuit ruled that three recess appointments to the National Labor Relations Board were invalid.

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What's being said

  • calatty

    At your peril! The agency is not a Teo's girlfriend. It will be with us, valid leader or not. Argument: There are several cabinet posts the President cannot apparently fill and those Departments to not dissappear. The CFPB will be no different. The notion of ignoring law for lack of a leader is palpably fatuous.

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