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Thursday, January 18, 2024 3:27:03 PM
About 40 years ago, in a case relating to Chevron, SCOTUS decided that the courts were not experts in all fields and that they should defer to the expertise of the government regulators to interpret the laws relating to the industries they regulate. This has been referred to as the Chevron deference. Over the years, the goverment agencies have been abusing this deference. Worst of them is FHFA. Attaching a link that explains this in more depth.
https://www.law.cornell.edu/wex/chevron_deference
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