Federal financial regulators and the industry that they regulate are fretting over Freedom of Informatiom Act reform in Congress, per The Hill.

At least the concerns about sensitive info are being aired in public this time, albeit not on the record: the regulators aren’t commenting, and neither is industry. (It was their lobbying that scuttled FOIA reform become law last December, despite bills passing both houses of Congress unanimously.) 

Behind this story is a deeper one about how power and influence are used. The odds against strong FOIA reform being passed in the 114th Congress look longer today.