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

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.

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CFPB Now Regulating Potholes

This foray into the potholes and backroads of Tennessee is a new area of regulatory control, even for the CFPB. But, as American Banker reported, Congress granted the CFPB the authority to do so in an obscure passage of the Consumer Financial Protection Act of 2010, known more commonly as the Dodd-Frank Act.

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The Imperial Bureaucracy Has No Use For Accountability

The really dangerous development of the administrative state is that bureaucrats no longer fear the wrath of our elected representatives, many of whom are so interested in making the State bigger and richer that they’ll no longer countenance even token attempts at holding it responsible for its actions, because that would empower the people who want to make it smaller.

The Associated Press