How 'Sue the Regulators' Became Part of Wall Street's Washington Playbook
Also, Republicans don't like SEC's data analytics rule; Senate Banking postpones flood insurance hearing that Menendez was set to chair
It used to be a maxim in the financial services industry, don’t sue your regulator. Who wants to get into a fight with the powerful federal agency that writes your rules? Or inspects your business? Or metes out steep enforcement fines?
The answer these days, however, seems to be: Pretty much everybody. Litigation is quickly becoming de rigueur, part of …