More states seek to join Dodd-Frank constitutional challenge

Eight more state attorneys general hope to join a federal lawsuit challenging the constitutionality of the Dodd-Frank Act’s orderly liquidation authority. If approved by the court, the AGs would join three other states, a Texas-based community bank, a senior advocacy group and a non-profit public policy think tank in the lawsuit that also targets the Financial Stability Oversight Council, the Consumer Financial Protection Bureau and the CFPB director’s recess appointment.