Appeals Court Rules Part of Obama’s Dodd-Frank Law Unconstitutional

[WestVirginiaRebel]

Breitbart:

WASHINGTON—A federal appeals court on Tuesday ruled a key part of Barack Obama’s Dodd-Frank law unconstitutional, calling it a “grave threat to individual liberty.” This tees up yet another case for an evenly divided Supreme Court, the balance of which will be decided by whether Donald Trump or Hillary Clinton is elected in November.

 

Dodd-Frank is a massive takeover of the U.S. financial system, just as the Affordable Care Act (“Obamacare”) was a takeover of the U.S. healthcare system. It was the brainchild of Sen. Elizabeth Warren, who was a professor at the time. A central part of Dodd-Frank creates the Consumer Financial Protection Bureau (CFPB), headed by a director nominated by the president and then confirmed by the Senate.

 

Companies on the receiving end of CFPB decisions have challenged its constitutionality. On Oct. 11, the U.S. Court of Appeals for the District of Columbia Circuit agreed with those challengers, striking down part of one of Obama’s signature laws, one strongly supported by Clinton.

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Reforming reform.