Jeffrey Naimon Quoted in Law360 Article, "Attorneys React to High Court's Agency Rule-Making Decision"Jeffrey P. Naimon
Jeffrey Naimon was quoted in Alan Zibel’s Law360 article, “Attorneys React to High Court’s Agency Rule-Making Decision,” on Monday, March 9, 2015.
“Perez v. Mortgage Bankers puts a focus on regulatory agencies’ ability to shift course on critical legal requirements stated in informal guidance and rules. For comprehensively regulated entities like banks and other financial services providers, informal rules like the one at issue in Perez comprise a very large percentage of their compliance obligations. Justice Thomas, quoting Marbury v. Madison in his concurring opinion, noted that the ability of an agency to change its position, or even completely reverse course, puts at risk 'the principle that the United States is "a government of laws, and not of men."’”