Items Tagged with 'State National Bank of Big Spring, Texas'


  • Bank fights for stake in PHH case to battle CFPB authority

    "We are cautiously optimistic"
    State National Bank of Big Spring, Texas won’t back down easily. The bank continues to try and weigh in on the landmark case between PHH and the Consumer Financial Protection Bureau. Despite motions from other parties being denied, Competitive Enterprise Institute General Counsel Sam Kazman said they are “cautiously optimistic” that their recent motion to intervene will be approved.
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  • Federal court tosses challenge to CFPB Director Cordray's recess appointment

    But other questions of agency's constitutionality linger
    A federal judge tossed out part of a lawsuit that challenged the makeup, leadership structure and authority of the Consumer Financial Protection Bureau, finding that the Obama Administration was within its allowable rights when it named Richard Cordray as the CFPB’s director while Congress was in recess.
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  • Small Texas bank winning big fight against CFPB

    Court of Appeals upholds bank’s challenge to regulator
    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. Here are all the details.
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