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Biden’s agencies take speedy legal route to reverse Trump’s Wall Street-friendly rules

Biden’s agencies take speedy legal route to reverse Trump’s Wall Street-friendly rules

WashingtonU.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican president Donald Trump, using quick-fix legal tactics.They have spiked or stalled more than a dozen contentious Trump-era measures that critics said eroded consumer protections, weakened enforcement, and curbed investors’ ability to push for environmental, social and governance (ESG) changes.Rather than embarking on the lengthy process of rewriting the rules, the agencies have in many instances used speedy legal tools, according to lawyers,...

April 12, 2021
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