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Trump’s Victory Will Reshape Financial Rules, Supreme Court

Trumps victory could be a gift to CUs that loathed a continuation of the Obama administrations regulatory and enforcement policies.

By C. Ryan Barber, Rebekah Mintzer | Updated on November 09, 2016

As Donald Trump’s upset victory over Hillary Clinton emerged Tuesday night, stock futures fell sharply. But, in some respect, Trump’s victory could be a gift to financial institutions that loathed a continuation of the Obama administration’s regulatory and enforcement policies. In a speech in August, Trump said he would call for a moratorium on new financial regulations.

On the campaign trail, Trump often called for “dismantling” the Dodd-Frank financial reform law that created the Consumer Financial Protection Bureau, an agency that rankled Republicans ever since it arose from the ashes of the financial crisis. Republican leaders in the U.S. House are pushing legislation that would replace the CFPB.

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