Status quo election results that retain Democratic control of the White House and Senate and Republican control of the House mean credit unions are unlikely to see much regulatory relief in the form of a full or partial repeal of the Dodd-Frank Act.
However, credit unions may have a regulatory relief ally in Senator-elect Elizabeth Warren.
The Massachusetts Democrat defeated Republican Sen. Scott Brown.
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In her victory speech Tuesday night, Warren thanked a list of campaign supporters that included credit unions.
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