https://www.fantasyflightgames.com/en/news/2017/9/27/arrest-warrants-issued/
It includes a short article from Michael Boggs explaining the reworking of the list and why it was done.
The list is now much cleaner to use mechanically. A card is either Banned outright or it is in a special pool from which only one card (three copies of it) can be included in your deck.
And yes Faust is history!
My thoughts are with Rotation, the new Core and this the ANR braintrust has done a pretty good job of stamping out the toxic stuff in the current card pool. And with this new list structure plus quarterly review they have the tools to act pretty quickly if needed.