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Revisiting the CFPB’s constitutionality: Why State National Bank is different from Morgan Drexen
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Legislation
Friday, July 31, 2015
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The U.S. Court of Appeals for the District of Columbia Circuit held that State National Bank, a bank in Texas, has standing to challenge the constitutionality of the Consumer Financial Protection Bureau. Read on to find out about the details of the decision, how it differs from the decision regarding Morgan Drexen and what attorney Joseph Lynyak, III had to say about its possible ramifications.
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