Supreme Court’s Agency Power Rulings Could Change Regulatory Landscape For Years to Come – WSJ

In one of the final actions of its term, the court on Monday issued a ruling allowing newly created businesses to contest even decades-old regulations, including those that may have beat back prior claims of government overreach.

The ruling, which stemmed from a challenge by a North Dakota truck stop named Corner Post to the Federal Reserve’s 13-year-old cap on debit-card fees, follows opinions by the court’s conservative majority eliminating a presumptive deference to regulators’ interpretation of ambiguous statutes and curtailing the use of administrative courts.

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The decision “allows essentially anyone to form a business and then take an agency to court for rules that had been in place for decades,” said Cary Coglianese, an administrative law professor at the University of Pennsylvania.

Source: Supreme Court’s Agency Power Rulings Could Change Regulatory Landscape For Years to Come – WSJ