I appreciate the thorough response! Again, I'm not a lawyer or even very familiar with it. I looked up the concerns people had, and then tried to find the bit which seemed likely to cause that concern.

I don't know if it sounds likely, and you seem more familiar with this kinda thing than I am, but given the erosion of a bunch of norms I can understand why people would have much less trust in any sort of regulators actually verifying that banks were following the law or their ability to win a lawsuit. Do you know if this would allow private action?