… A group called the New Civil Liberties Alliance sued to challenge the bump stock ban on behalf of Michael Cargill, a Texas gun shop owner. According to court records, Cargill bought two bump stocks in 2018 and then surrendered them once the federal ban took effect. The case doesn’t directly address the Second Amendment…

… The legality of the bump stock ban is now being questioned before the Supreme Court. Michael Cargill, a gun store owner and U.S. Army veteran, challenged the ban, arguing that the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) exceeded its authority in reinterpreting the definition of machine guns to include bump stocks. Cargill’s…

… John Vecchione, senior litigation counsel for the New Civil Liberties Alliance, which represents Cargill, told the Washington Examiner that the ATF “waived the Chevron argument in lower courts and said we’re just going to go straight on statutory construction, just as if there was no Chevron. “So I don’t think Chevron will hit it, but it is part of the administrative…

Also, FDIC IG says agency continues to lag in recruiting and retaining workers; FSOC meets in private to discuss financial risks; OCC names an acting chief counsel Friday Q&A: The issue of federal agency power has become one of the hottest topics in financial regulation. And it’s an area where the Supreme Court increasingly seems to…

The Fifth Circuit agreed Tuesday to rehear en banc a lawsuit challenging a Nasdaq board diversity rule that the U.S. Securities and Exchange Commission had approved, granting conservative groups that brought the lawsuit another shot at overturning a rule that requires Nasdaq-listed companies to disclose board diversity data…

… In a pair of cases argued in January — Loper Bright v. Raimondo and Relentless v. Commerce — the justices seemed receptive to conservative lawyers’ arguments to at least limit the Chevron doctrine, a legal theory established in a 1984 Supreme Court case that gives agencies like EPA leeway to interpret ambiguous statutes like the Clean Air Act… “When litigating against the…