Bill Hardekopf, The Street
Enforcement actions against credit card issuers and new mortgage guidelines instituted by the Consumer Financial Protection Bureau are in jeopardy.
A three-judge panel of the U.S. Court of Appeals agreed unanimously with Republican lawmakers Jan. 25 that recess appointments to the National Labor Relations Board were unconstitutional. These were made on the same day — Jan. 4, 2012 — as Robert Cordray’s recess appointment to lead the CFPB.

Many legal analysts believe Cordray’s appointment, if challenged, could also be struck down, as well as all the rules and enforcements enacted during his tenure.

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