A Washington federal judge dismissed a constitutional challenge to the Consumer Financial Protection Bureau, finding the plaintiffs didn't have standing to sue because they failed to show they suffered harm.
The plaintiffs argued the Dodd-Frank Act violated the separation of powers by "delegating effectively unlimited power" to the bureau and another entity created under the Dodd-Frank Act, the Financial Stability Oversight Council. U.S. District Judge Ellen Segal Huvelle found [PDF] the plaintiffs failed to allege actual injuries and that claims of future injuries were too speculative to meet the legal standard for being able to sue.
