Judge Throws Out Suit Against Dodd-Frank

Plaintiffs pledge to challenge district court’s decision
AP

A district court judge in Washington, D.C., threw out Thursday a challenge to the constitutionality of parts of the Dodd-Frank financial reform act. The plaintiffs have pledged to appeal the decision.

Congressman: Dodd-Frank Financial Reform Unconstitutional

Cato Institute marks law’s three-year anniversary with conference
Scott Garrett / AP

The Dodd-Frank financial reform act is “fundamentally unconstitutional,” said Rep. Scott Garrett (R., N.J.) at a Monday event hosted by the Cato Institute commemorating the third anniversary of the act’s signing by President Barack Obama.

Experts Say Dodd-Frank May Violate Fifth Amendment

C. Boyden Gray, others, suggest due process rights are violated by law
President Barack Obama signing the Dodd-Frank Act in 2010 / AP

Parts of the Dodd-Frank financial reform law violate the U.S. Constitution by allowing the government to take individuals’ property without going through an appropriate appeals process, experts told Congress Tuesday afternoon.

Dodd-Frank in Court

Lawsuit against 2010 financial reform act has first hearing before judge
Chris Dodd, Barney Frank / AP

Lawyers representing the State National Bank of Big Springs, 11 states, and two advocacy organizations appeared before a D.C. District Court for the first time on Tuesday, arguing that the Dodd-Frank financial reform act unduly burdens smaller financial institutions and strips states of their legal rights.

Into the Black Box

Uncertainties bedevil Dodd-Frank, oversight hearing reveals
Scott Alvarez, general  counsel for the Federal Reserve Board of Governors, testifying on Capitol Hill in 2010. He testified Tuesday at a  Dodd-Frank hearing. (AP)

The oversight subcommittee of the House Financial Services Committee sought clarity Tuesday afternoon on how financial regulators plan to regulate so-called “too big to fail” banks under the Dodd-Frank financial reform act.

The True Story Behind the Financial Crisis

Expert: Accepted narrative of the 2008 financial crisis is wrong
AP

Peter Wallison on Wednesday lamented the poor understanding people have of the underlying causes of the financial crisis, arguing that a false narrative of the crisis led to the Dodd-Frank Act and continues to stymie real reform in the financial sector.

Constitutional Challenge to Dodd-Frank Grows Ranks

Eight states join constitutional lawsuit against 2010 financial reform act
Barney Frank, Chirstopher Dodd / AP

Eight more states have officially joined a lawsuit against part of the Dodd-Frank financial reform act, arguing that the act undermines their financial stability.

Watchdogs Prepare

House committees pledge to monitor Obama’s major legislation, with focus on Dodd-Frank
113th Congress / AP

Committees in the House of Representatives will continue to scrutinize the Obama administration’s major legislative achievements during the upcoming Congress, committee oversight plans indicate.