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Small Texas bank winning big fight against CFPB | 2015-07-24 | HousingWire

 

 

A small Texas bank was handed a large victory this week, when a federal court ruled that the bank is allowed to challenge the constitutionality and authority of the Consumer Financial Protection Bureau. The repercussion of this battle could also have a huge ripple effect on the entire financial market. The bank, State National Bank of Big Spring, Texas, filed suit against the federal government in 2012, claiming that CFPB’s “unprecedented, unchecked power” violates the Constitution’s separation of powers. In August 2013, after 11 states . . .

Source: Small Texas bank winning big fight against CFPB | 2015-07-24 | HousingWire

Category: CFPB, Industry NewsJuly 27, 2015

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News Categories
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DIRECT FROM THE BOARD
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  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
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NAILTA BLOG
  • First American Data Leak: What Happened? What Next?
    May 28, 2019
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ANNOUNCEMENTS
  • House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason
    February 15, 2018
  • House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers
    February 15, 2018
  • NAILTA Mourns the Loss of Former President, Anthony L. Affatati, Sr.
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