GOP's Swing At Dodd-Frank Could Give Banks Edge In Court

By Evan Weinberger (June 7, 2016, 9:30 PM EDT) -- A sweeping rebuke of the 2010 Dodd-Frank Act unveiled Tuesday by a top House Republican has drawn attention for its proposed rewriting of capital rules and agency structures, but a small portion of the plan could also make it much easier for banks to overturn rules they don't like in court.

Tucked into a speech House Financial Services Committee Chairman Jeb Hensarling gave in New York outlining his plan to replace Dodd-Frank are two sentences that would eliminate the deference that judges give to financial regulators when they are evaluating a challenge to a regulation.

Hensarling's move to eliminate the so-called Chevron deference...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!