State National Bank of Big Spring, Texas

O’Melveny is representing State National Bank of Big Spring, Texas in challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB) created by the Dodd-Frank Act as well as President Obama’s recess appointment of CFPB Director Richard Cordray. The U.S. Court of Appeals for the District of Columbia reversed the district court’s dismissal of the suit, holding that the bank has standing to pursue its constitutional challenges to the Bureau and to Director Cordray’s appointment.