The 1984 Supreme Court decision in Chevron U.S.A. Inc. v. Natural Resources Defense Council, Inc. established the ‘Chevron deference’ doctrine, which required courts to defer to administrative agency interpretations of ambiguous statutes if they were reasonable. This doctrine significantly impacted the financial services sector, making it difficult to challenge the US Department of the Treasury's actions, such as sanctions and penalties. 

On October 29, 2024, a panel of administrative law scholars convened to discuss the impact of the Supreme Court’s decision in Loper Bright Enterprises v. Raimondo.