Trump's massive deregulation push really flies under the radar alot. Its probably his most impactful action so far alongside that push for stuffing the courts with conservatives.
https://abcnews.go.com/Politics/trump-congress-expanded-controversial-legislative-tool-tear-regulations/story?id=54934102Congress has stepped up its game by using an act from 1996 that allows congress to review and overturn 'new' regulations, but the text of the bill set the window at the past 60
legislative days as opposed to calendar days, and congress is only in session for so many days per year. So they started by reviewing regulations back from May 2016. Now they've expanded even that scope to allow them to look back to a 2013 car financing regulation;
Under Obama the CFPB effectively created a new regulation by guidance bulletin, a backdoor that the Obama administration frequently used to bypass congress. Auto-lenders were allowed to make discretionary cuts to lending rates to try to move old stock of cars. Dealers really liked having discretionary interest rates to sell more cars. The Obama administration however argued that discretionary rates resulted in discrimination against poor blacks who got higher interest rates. Ignoring the age-old grapple between 'equality of outcomes' and 'equality of opportunity', the Obama guidance didn't try to identify and target provable cases of discrimination and punish them, but instead punished all auto-lenders by making them end discretionary rates unless they could submit to a gauntlet of review to prove they weren't discriminating. A kind of guilty-until-proven-innocent setup. They had to show;
https://i.imgur.com/tvgY5hI.pngThat vote is happening this week
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