Analysis-Wall Street heads to court to fend off Biden’s regulators

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By Michelle Price and Carolina Mandl WASHINGTON (Reuters) – Facing a wave of new rules and encouraged by a sympathetic judiciary, U.S. financial firms and their trade groups are growing bolder about fighting Democratic President Joe Biden’s regulators in court. From fair lending requirements and increased investor disclosures, to bank capital hikes, a slew of new rules aimed at lenders, funds and at other companies threaten to increase compliance costs and dent profits. Biden’s regulatory appointees were given a mandate to take on perceived corporate profiteering, bolster rules relaxed by the …

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