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Some employers are unilaterally relaxing standards.
Bankers did their bit by relaxing standards on credit.
Banks are taking on riskier loans as fierce competition and the drive to increase earnings encourage loan officers into relaxing standards, a government report said today.
But an e-mail marketing campaign last week for its Web site, Nordstrom.com, illustrates the pitfalls of relaxing standards on protecting customer information.
In March, as part of Scott Pruitt's aggressive campaign to roll back federal regulations, the Environmental Protection Agency proposed relaxing standards for storing potentially toxic waste produced by coal-burning power plants.
During an Aug. 12 speech to the American Bar Association, Holder said the Justice Department was relaxing standards for granting "compassionate release" to some sick and elderly federal prisoners who had served a substantial portion of their sentence and posed no threat of violence.
Similar(50)
In Japan, too, policy makers are trying to relax standards.
In 1997, the Food and Drug Administration relaxed standards governing television spots.
During the housing boom, banks relaxed standards significantly more for construction firms, the researchers found.
Earlier the agency had relaxed standards in the four states affected by Hurricane Katrina - Florida, Alabama, Mississippi and Louisiana.
And that's as measured against the agency's own newly relaxed standards.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com