Oliver Ireland, a partner in Morrison & Foerster’s Financial Services Group, offered insight into the future of the Dodd-Frank Act under the Trump administration in the article “Four Ways the GOP Could Roll Back Dodd-Frank in 2017,” published by American Banker on December 30, 2016.
"I expect there to be some sort of directive to reduce regulatory burden on your own at the agency level," said Mr. Ireland.
He added that the structure of the agencies created under the Dodd-Frank Act may prove problematic for the Democrats who designed them. "You created a lot of power in those agencies and that is fine as long you control those agencies," Mr. Ireland said.
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