Texas Judge Blocks Biden's Lending Regulations

[StevieM]

Source: MSN

~snip~

In a significant legal decision, U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, intervened to block the enforcement of new regulations proposed by the Biden administration, aimed at reforming lending practices for low- and moderate-income Americans.

The judge sided with banking and business groups, asserting that the regulations violated the Community Reinvestment Act of 1977.

Judge Kacsmaryk’s preliminary injunction, issued before the regulations were set to take effect, reflects a broader debate over the interpretation and scope of the Community Reinvestment Act.

The judge’s ruling agreed with the plaintiffs, who argued that the updated regulations exceeded the authority granted by the 1977 law.



Read more: https://www.msn.com/en-us/news/politics/texas-judge-blocks-biden-s-lending-regulations/ar-BB1kOk0E

[NoMoreRepugs]

1. Whacko Judge K again??

[Lochloosa]

2. Same one that ruled on Mifepristone. Judge shopping at its finest

[Bev54]

3. This is why they need those judge shopping rules. This guy blocks everything Biden does.

[TomDaisy]

9. one hand-picked federal judge in one state vetos Biden

[dweller]

4. Appealed to the SCOTUS ?

Next stop …



✌🏻

[onenote]

6. Next step would be 5th Circuit.

[SunSeeker]

5. Scumbag Kacsmaryk sure is busy helping overturn our democracy.

This is how the right wing will implement their unpopular ideas and avoid the need to win at the ballot box.

[Hermit-The-Prog]

7. There is significant rot in our judiciary.

[TomDaisy]

8. this asshole judge thinks he is the King of America

[C Moon]

10. Before Kacsmaryk was appointed to the federal bench by President Donald Trump in 2019,

he was deputy counsel for the First Liberty Institute, a deeply conservative religious liberty law firm based in Plano.