Dodd-Frank is an Unconstitutional Disaster
That law, Dodd-Frank, is being challenged in State National Bank of Big Spring v. Geithner. The lead plaintiff is a community bank that has had several of its business lines shut down by Dodd-Frank. Co-plaintiffs include the libertarian powerhouse the Competitive Enterprise Institute, the leading conservative seniors group the 60 Plus Association, and the states of South Carolina, Oklahoma, and Michigan. The case contends, correctly, that provisions of Dodd-Frank violate the separation of powers as well as the Constitution's bankruptcy clause.