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Eight states join lawsuit challenging Dodd-Frank
The Wall Street Journal: WASHINGTON (MarketWatch) — Attorneys-general from eight states have joined a lawsuit challenging the constitutionality of regulations setting up a system to dismantle a big failing bank so its collapse doesn’t cause collateral Lehman-like damage to the economy.
The attorneys-general are joining onto a lawsuit filed in federal court in June 2012 by the State National Bank of Big Spring, Texas and two conservative action groups that are challenging key parts of the Dodd-Frank Act.
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