Biden Has Path to Block Trump Financial Regulations in Court

Nov. 20, 2020, 3:36 PM UTC

A flurry of lawsuits against Trump administration financial regulations provide more pathways for the incoming Biden team to remove many of those rules.

Consumer advocates and community groups have in recent months sued to block a regulation that would make it harder to bring unintentional housing discrimination claims, and a revamp of how banks are assessed on their lending to low-income neighborhoods, among other rules.

The litigation opens up more options for the incoming Biden administration to prevent the rules from taking effect, either by declining to defend the regulations or settling with the plaintiffs to stay the rules and ...

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