NLRB Ruling Expected to Impact Consumer Bureau Appointee, Former White House Counsel Says

By Fred Lucas January 31, 2013

 (CNSNews.com) – Last week’s court decision finding the recess appointments of three National Labor Relations Board members unconstitutional could play a major role in a case challenging the constitutionality of the Consumer Financial Protection Bureau and its recess-appointed director Richard Cordray.

“It’s potentially very serious because our case is in the same circuit, in the (D.C.) District Court, not the court of appeals, but we’ll end up in the court of appeals within a year,” C. Boyden Gray, attorney for the plaintiffs challenging the CFPB’s constitutionality, told CNSNews.com. “And the law of that case will govern our case. Now the Supreme Court could reverse or alter (the NLRB case), so we don’t have the final word. The Supreme Court will have the final word.”  To Read More.......