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Future of Dodd-Frank uncertain if Republicans win 

October 27, 2014
Eric Garcia, MarketWatch

Republicans will likely target the Consumer Financial Protection Bureau and capital requirements on insurance companies if they take the Senate.

Any changes the Republicans seek will be tempered by the fact they won’t have a veto-proof hold of the U.S. Senate. Democrats also would have the ability to filibuster, points out Ed Groshans, financial advisor to Height Analytics LLC.

But analysts do see room for the Republicans to temper the Dodd-Frank Act, the 2010 law passed in the wake of the financial crisis.

One of the pieces of Dodd-Frank law that Republicans have criticized is the Consumer Financial Protection Bureau, having blocked the confirmation of its director. Eventually, after a rules change in the Senate, Richard Cordray was confirmed to the role.

Read more: MarketWatch

 
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