Trump's Financial Agenda: Some Short-Term Signals to Watch

Trump's Financial Agenda: Some Short-Term Signals to Watch

November 22, 2016, Bloomberg BNA

Eric Mogilnicki is quoted in a Bloomberg BNA article regarding early signals that could offer insight into the regulatory landscape for financial services under the Trump administration. Mogilnicki says, “I would watch the extent to which other senators support Sen. Elizabeth Warren’s efforts on Trump administration nominees.” He adds, “Those hearings and votes will serve as an early test of whether the Democrats in the Senate are going to be united in opposition to the administration.”

Commenting on the Consumer Financial Protection Bureau, Mogilnicki says, “To the extent the Bureau has big enforcement cases close to finalized, they might decide to expedite them before there is additional uncertainty about the Bureau’s leadership and direction.” If Trump tries to fire Director Cordray on his first day in office, which is a possibility, Mogilnicki says, “That would be a pretty big tell on the new administration’s intentions towards the Bureau.”