Finally, FINALLY, someone is striking back at the unGodly Dodd-Frank Reform & 'Take over the country' act....
And it took a little ole' National Bank of Big Spring Texas, with a city population of just 25,000 good Texans, to bring the first lawsuit to the bench of the U.S. District Court. The suit challenges the constitutionality of the Act.
The Competitive Enterprise Institute and the 60 Plus Association (a young new hard charging association of seasoned citizens that was formed when AARP was co-opted by Obamanation's cabal on Health Care) have joined the Bank in this law suit.
“No other federal agency or commission operates in such a way that one person can essentially determine who gets a home loan, who can get a credit card and who can get a loan for college,” said Jim Purcell, CEO of State National Bank. “Dodd-Frank effectively gives unlimited regulatory power to this so-called Consumer Financial Protection Board, also known as CFPB, with a director who is not accountable to Congress, the President or the Courts. That is simply unconstitutional.” …
Go here for more of the story ....
And here for even more from the American Enterprise Institute
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