MetLife Inc. v. Financial Stability Oversight Council, 177 F. Supp. 3d 219 (D.D.C. 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.[5]
