Trump and Dodd-Frank

The election of Donald J. Trump as president of the United States could have a huge impact on the regulation of financial services and the mortgage industry.

Trump has pledged to dismantle much of the landmark Dodd-Frank Wall Street Reform Act of 2010. Few mortgage lenders are likely to oppose this.

And with the recent appellate court ruling in PHH Corp.’s lawsuit against the Consumer Financial Protection Bureau, the agency’s director could be removed.

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From:: Financing