Jeanette Quick: Washington’s quiet revolution to destroy consumer protection

Here, in The Hill.  Quick served as senior counsel to the Senate Banking Committee and senior attorney for OCC.  Excerpt:

Trump is well on his way to effecting change in financial regulation through his appointments, and Congress appears poised to stall new financial regulation through changes to the rulemaking process, most significantly through the Regulatory Accountability Act (RAA).

 Many proposals to “reform” the rulemaking procedures are designed to hinder regulation, just as many agency heads are selected to prevent their agencies from regulating. As Steve Bannon has stated, “Cabinet appointees … were selected for a reason and that is the deconstruction [of the administrative state] … the way the progressive left runs, is if they can't get it passed, they're just gonna put in some sort of regulation … in an agency … that’s why this regulatory thing is so important.”


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