Must a federal agency engage in a notice-and-comment procedure before it can significantly alter an interpretation of a rule of agency regulation? This is the question presented to the U.S. Supreme Court in a case that could significantly impact the way government agencies issue, regulate and enforce regulations through the use of “interpretive” rules — including the CFPB’s approach to interpreting RESPA. Don’t miss our summary of this important case and recent oral arguments presented to the high court.
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