= Subscriber content; or subscribe now to access all American Banker content.

Justice Dept: Cordray Recess Appointment Was Legal

The Justice Department issued a critical legal opinion Thursday asserting that President Obama is allowed to make recess appointments despite pro-forma Senate sessions in which no business is conducted, effectively validating the appointment of Richard Cordray to the CFPB.

To continue, please sign in or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
PREMIUM
SUBSCRIPTIONS
Core subscription content plus:
  • Bimonthly industry research reports
  • Morning Scan Plus (Premium e-newsletter)
  • American Banker mobile app
Have an account?
SIGN IN HERE
Remember me