2016), is a case that challenged the systemically important financial institution, or SIFI rules in Dodd-Frank.
U.S. District Judge Rosemary Collyer ruled that MetLife could shed its SIFI designation, after concluding Financial Stability Oversight Council, or FSOC's designation was "arbitrary and capricious".
[1][2][3] FSOC subsequently launched an appeal but decided to settle the case in January 2018 during the Trump administration, ensuring that MetLife would not face stricter rules.
[4] This had the effect of releasing nearly all non-bank SIFI organizations that were under Dodd-Frank at the time, prior to the deregulation of Prudential Financial.
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