HOME  |  CONTACT US  |  SUBSCRIBE  |  SUPPORT WLF

Case Detail


MetLife, Inc. v. Financial Stability Oversight Council
On January 18, 2018, the federal government’s Financial Stability Oversight Council (FSOC) abandoned its efforts to designate MetLife, Inc. as a “systemically important financial institution” (SIFI)—i.e., “too big to fail—and dismissed its appeal from a district court decision overturning the SIFI designation. FSOC’s concession of defeat was a victory for WLF, which filed a brief in the U.S. Court of Appeals for the District of Columbia Circuit, urging it to affirm the district court’s decision. WLF argued that FSOC’s designation decision violated MetLife’s Fifth Amendment right to due process of law by failing to provide MetLife with a “meaningful” and fair hearing before making the designation. The result of FSOC’s designation was to subject MetLife to costly new regulations—even though the SIFI designation was created primarily for banks, not for insurance companies like MetLife. WLF’s brief was joined by the Allied Educational Foundation.
Case Status:
Victory.
More Information and Downloads:
8/22/2016: Download the Brief

  • Welcome to the Washington Legal Foundation
  • 2009 Massachusetts Ave., NW
    Washington, DC 20036
  • info@wlf.org  |  ph. 202-588-0302
    ©2018 WLF All Rights Reserved