Signs of a Step Back in Financial Regulatory Enforcement
ByWhen you drive down the highway and see a police cruiser off to the side, the immediate response is to take your foot off the gas and check to see how much over the speed limit you were driving. There is that momentary anguish that the officer might stop you, and a sigh of relief when you check the mirror and see the officer hasn’t moved.
Enforcement often relies on the presence of people with the authority to issue punishments, so cutting back is not so much a matter of changing the law as having fewer cops on the beat.
We may be seeing the beginning of that kind of shift away from enforcement as President Trump’s administration works to roll back how agencies pursue potential violations…
Signs of a Step Back in Financial Regulatory Enforcement
