Federal court tosses challenge to CFPB Director Cordray's recess appointment

A federal judge tossed out part of a lawsuit that challenged the makeup, leadership structure and authority of the Consumer Financial Protection Bureau, finding that the Obama Administration was within its allowable rights when it named Richard Cordray as the CFPB’s director while Congress was in recess. http://www.housingwire.com/articles/37547 ❤️ #share #mortgage