More States Join Suit to Kill Consumer Financial Protection Bureau

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Richard Cordray, director of the CFPB. (Getty Images)Eight more states have joined a lawsuit aimed at challenging the constitutionality of parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the creation of the Consumer Financial Protection Bureau.

The CFPB was created in the wake of the financial crisis to protect consumers from predatory, unfair and abusive financial practices and has already taken action on many issues of concern, some of which contributed directly to the financial crisis. If the CFPB is ruled…

More States Join Suit to Kill Consumer Financial Protection Bureau originally appeared on DailyFinance.com on 2013-02-14T17:02:00Z.

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