On January 25, 2013, the D.C. Circuit Court of Appeals ruled that President Obama’s “recess” appointments to the National Labor Relations Board were invalid. Since Richard Cordray was appointed as Director of the Consumer Financial Protection Bureau during the same “recess,” logically his appointment also would be invalid.

Join us for this webinar, in which we will explore in detail the implications of the D.C. Circuit opinion. We will discuss:

  • The holding and reasoning of the court and the possibility of a further en banc review by the D.C. Circuit or review by the U.S. Supreme Court 
  • The status of other cases dealing with the “recess” appointments 
  • How the CFPB will react to the ruling 
  • The impact on ongoing investigations and consent orders 
  • The impact on supervision of non-banks 
  • The political impact of the ruling


12:00 PM - 1:30 PM ET | Webinar


Alan S. Kaplinsky, Practice Leader, Consumer Financial Services Group
Ballard Spahr LLP


Richard J. Andreano, Jr., Practice Leader, Mortgage Banking Group
Ballard Spahr LLP

Isaac Boltansky, Vice President and Policy Analyst
Compass Point Research & Trading, LLC

Keith R. Fisher, Of Counsel, Consumer Financial Services Group
Ballard Spahr LLP

Denise M. Keyser, Partner, Labor and Employment Group
Ballard Spahr LLP

Christopher J. Willis, Partner, Consumer Financial Services Group
Ballard Spahr LLP

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.

Program Contact

Lisa Prickril