- "Dodd-Frank is dead," said a distraught James Carville on election night ... maybe not so fast.
- Sources tell the WSJ that the president-elect's team is focused on killing or easing certain individual provisions deemed the most objectionable - the FSOC's ability to designate non-banks as SIFIs, for one - but a full repeal isn't going to happen.
- Also up for change is the section of the law giving regulators the authority to take over a failing financial firm and liquidate (instead of bailing it out).
- The Trump team is fine with certain parts of the law like those improving the transparency of credit-rating firms, and regulating derivatives products.
- House Financial Services Chairman Jeb Hensarling earlier this year got a Dodd-Frank overhaul bill through his committee. He's reportedly under consideration to be the next Treasury Secretary.
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