EGRPRA Regulatory Review

It seems like the broad regulatory review ordered by EO 14219 was drowned out by last month’s other noise. And, at most agencies, staffing upheaval will make it hard to take rapid deregulatory action. But for the prudential banking regulators, the situation might be different. ➡️ Broad Regulatory Review The EO calls for a government-wide review of regulations AND guidance for modification or rescission under seven legal or policy grounds. Four of the seven implicate conservative legal theories on federalism, delegation, and statutory interpretation. The other three implicate the...

On February 19, 2025, President Trump signed an Executive Order directing a broad-based effort to scale back administrative regulations and enforcement across the Federal Government (the “Deregulation Order”). The Deregulation Order calls for a government-wide review of regulations for modification or rescission under seven enumerated legal or policy grounds. It also orders agencies to de-prioritize enforcement inconsistent with Administration policy and legal views, including termination of ongoing proceedings. While the Deregulation Order applies to almost all domestic non-security...

BJ Sanford advises payments and fintech companies, U.S. and foreign banks, trade associations, investors, and policy and consulting firms. His practice centers on payments regulation, public policy, and the regulation of bank activities and structure. He also advises clients on regulatory capital, bank investments and control, affiliate transactions, the U.S. operations of foreign banks, and regulatory examinations. Payments regulation. BJ advises payments firms and banks on payment regulation, product development, and compliance with rules including Regulation E, Regulation Z, Regulation II...