Can you assure us that future bank regulatory proposals will respect the important procedural guardrails established by the Administrative Procedure Act. The APA has been in many ways trampled, I believe, which often received only nominal consideration under the previous administration. How are you going to handle this? So we're going to follow the law, just as you say, established a set of laws, there's a set of regulations by which changes in supervision and regulation, changes in guidance can be made. (03:26–03:36)
CLAIM
Asserts that the Administrative Procedure Act was often disregarded under the previous administration.
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