Will Reducing Regulators' Advantage in Court Really Help Banks?
Partner Ashley Taylor was quoted in the Feb. 22 print issue of American Banker in an article about how the potential weakening of regulations or rollback of the Chevron doctrine could impact banks. Ashley told the reporter, "Discretion goes to the agency. Once the agency puts out a reasonable position, it's just very difficult to win those cases and settlements reflect that." Adding the perspective that, "If you undo Chevron deference at the federal level, you have a ripple effect through the entire country. These fights all move to the states. Deregulation at the federal level is going to make life more difficult for companies."