Housing Wire by Kerri Ann Panchuk January 25, 2013
What would it mean for the Consumer Financial Protection Bureau – and its final mortgage rules – if a federal court were to deem the President's recess appointment of CFPB Director Richard Cordray unconstitutional?
As of Friday, that question started to have a tinge of real possibility to it after the U.S. Court of Appeals for the D.C. Circuit deemed President Obama's recess appointments to the National Labor Relations Board unconstitutional.
The problem for the CFPB is a similar case, challenging the President's recess appointment of Richard Cordray to the CFPB, is still pending.
"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." Thomas Jefferson
RIGHT'S RIGHT 
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Sat Jan 26, 2013 7:00 pm
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