Oliver Ireland, a partner in Morrison & Foerster’s Finance Department, was quoted regarding the 2016 election results and how they affect the financial services landscape in the article, “Dodd-Frank's future uncertain postelection,” published by the Daily Journal on November 10, 2016.
"We are at an inflection point in the regulatory process, but you've got to be practical about these things because the bureau writes rules for a series of consumer laws, some of them dating to the 1960s," Mr. Ireland said. "You can't just reverse time as though the intervening events didn't occur. You have to take a more logical look at which rules we have to get rid of to make banking work more efficiently."
Mr. Ireland said a preview of likely reform could be found in the Financial CHOICE Act, a bill by House of Representatives Financial Services Committee Chairman Jeb Hensarling.