Attorneys React To High Court's Agency Rule-Making Decision

Law360, New York (March 9, 2015, 6:27 PM EDT) -- On Monday, the U.S. Supreme Court sided with the Labor Department, ruling that federal agencies don't have to go through formal rule-making to make significant changes to rules interpreting regulations. Here, attorneys tell Law360 why the decision in Perez v. Mortgage Bankers Association is significant.

Benjamin Diehl, Stroock & Stroock & Lavan LLP

"The potential importance of the Perez case is suggested by the concurrences, which indicate that the Supreme Court may be willing to reconsider how much deference, if any, to give to interpretative opinions in the future. The opinion suggests renewed litigation on that question, particularly if the CFPB...

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