It's a combination of regulatory capture and the intentionally making these organizations toothless by Republicans as part of their pro-business, regulation budgeting platform. What they claimed would happen is that businesses would lower prices, and if you look at advertised prices they probably claim a win, it's all the hidden prices that are a problem and those fall under regulatory groups that are underfunded or run by people who disagree with their intended mandate, for example Scott Pruitt being put in charge of the EPA, or John Bolton in any organization that deals in diplomacy.