Under former President Donald Trump, the Office of the Comptroller of the Currency had enabled payday lenders to charge interest rates in excess of what was allowed by the state. Payday lenders were able to partner with a nationally chartered bank to make high-cost loans and avoid state usury laws.
The Trump administration also loosened rules on methane emissions from leaks and flares in oil and gas wells.
The Biden administration said in a statement that the EEOC claims process had increased “the risk of retaliation by making it easier for employers to demand the identities of those with information about unlawful discrimination.”
The laws were passed by the House and Senate through the Congressional Review Act, which allows Congress to overturn certain regulations that have been in place for a short time.
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
