3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
W S
Lending / The Ticker

Court ruling raises questions about CFPB director appointment

/ Print / Reprints /
| Share More
/ Text Size+

The U.S. Court of Appeals for the D.C. Circuit held this week that President Obama's recess appointments to the National Labor Relations Board are unconstitutional, according to news reports. The legal community suggests the decision could also impact the Consumer Financial Protection Bureau, given its Director Richard Cordray also achieved his post by recess appointment. MarketWatch has more on what the decision could mean for the bureau.

Todd Zywicki, a professor at George Mason University, said the decision will help the Texas community bank’s case because its challenge to Cordray’s appointment is identical to the successful NLRB appointment challenge. "The appeals court said that Congress was not in recess so these appointments could not be made,” he said. “That will help the suit."

Source: MarketWatch
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus