Lee Zeldin said he will reconsider a list of core EPA policies, including emissions standards for vehicles and the finding that serves as the basis for addressing climate change.
Look here, GOP. Deregulation does not have a great track record, and is as challenging to implement as the regulations you’re trying to skirt!
Potential risks and challenges
Increased Risk of Misconduct: Reduced regulatory oversight may create additional opportunities for financial misconduct, requiring enhanced internal controls.
Compliance Complexity: Deregulation often leads to a more complex regulatory environment as institutions navigate evolving federal frameworks alongside increasingly divergent state obligations.
Product Innovation Risks: Periods of regulatory transition may encourage the development of products or services with limited regulatory guidance, potentially increasing future compliance exposure.
Uneven Oversight: Changes to regulatory structures, particularly regarding non-bank financial services providers, may create competitive imbalances and necessitate enhanced oversight of institutional partnerships.
Reputational Risk: Compliance failures in any regulatory environment can significantly damage an institution’s reputation and erode customer trust.
Lost me at “climate change religion”.
Look here, GOP. Deregulation does not have a great track record, and is as challenging to implement as the regulations you’re trying to skirt!
Potential risks and challenges
https://www.wolterskluwer.com/en/expert-insights/no-rest-for-the-wary-deregulation-is-regulatory-change-too