How the 2023-2024 Supreme Court Term Will Affect the Financial Services Industry
Three-Part Webinar Series for Regulated Financial Services Companies
As noted in our recent Advisory, key decisions from the 2023-2024 U.S. Supreme Court term presage a "seismic shift" in administrative law that could trigger "a tsunami of lawsuits" against the federal government. At a minimum, the financial services industry is facing significant uncertainty as to what regulations and regulatory decisions will survive legal challenges. Among the near-term implications of the Court's rulings for financial services companies are increased litigation challenging agency actions; more incentive for the federal banking agencies to act less transparently; a greater need for the federal banking agencies to more completely address significant comments in the rulemaking process; and further contested enforcement actions.
Part III: Supreme Court Impact on Enforcement
The 2023-2024 Supreme Court term provided several decisions that will significantly impact supervision and enforcement for federal banking agencies. This webinar will explore the impact of the Jarkesy, Loper Bright, and Corner Post decisions on banks, the federal banking agencies and the CFPB, in-house administrative proceedings, agency interpretations, enforcement and defense strategies, and more.