What About Cordray’s Actions Before He Was Confirmed?
The U.S. Supreme Court's ruling that Pres. Obama exceeded his Constitutional recess appointment authority when he filled three vacancies on the NLRB brings into question the validity of the actions taken by CFPB's Cordray during the 18 months after he was appointed, but before he was confirmed. Here is one opinion about the likely outcome. [7/1/14]