The Court’s opinion ultimately upholds the the Affordable Care Act, but Chief Justice Roberts’
reasoning leaves open intriguing possibilities for future litigants who may wish to attack other congressional actions.

After one year, the CPFB has become a powerful agency responsible for nearly all consumer finance protection acts.

The CFPB recently issued a bulletin advising of its expectations for oversight of business relationships with service providers, as defined in Dodd-Frank. The CFPB advised that it expects banks and non-banks to “have an effective process for managing the risks of service provider relationships.”

In a recent speech to community bankers in Iowa, I reviewed the current state of the banking economy and the implications of the Dodd-Frank legislation on community bank operations. While the precise impact of this legislation on community banks will only emerge directly and indirectly over the next three or four years, some basic consequences seem inevitable.