A small market Texas state bank, acting as plaintiff for a statewide assault on a Consumer Financial Protection Bureau final rule, is the latest in a series of maneuvers by parties at odds with the agency.
The federal bureau has been experiencing a pattern of new motions and lawsuits across the country that are using a U.S. Court of Appeals for the Fifth Circuit opinion holding that the bureau is unconstitutionally funded; therefore, its regulatory authority should be considered null.
