Banking organizations are facing a period of increased uncertainty following the U.S. Supreme Court’s decision on June 28 to overturn Chevron deference, a longstanding precedent that favored federal agencies’ rulemaking interpretations. The ruling’s impact on regulatory compliance and litigation is likely to be significant, as industry professionals navigate a post-Chevron landscape. Despite this unpredictability, it is crucial for banks to maintain robust compliance programs, according to legal experts Lee Meyerson and Amanda Allexon at Simpson Thacher. For more insights into the decision’s likely ramifications, read the expert analysis here.