February 14, 2017
The Hill published my latest column, Why Repealing Dodd-Frank Is Unappealing if You Own a Home. It opens,
President Trump has made it clear that he wished to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act. Just two weeks after his inauguration, he issued an executive order to get the ball rolling by means of agency action, an effort that will be led by the Department of the Treasury. Trump will have lots of allies in Congress as he pursues this agenda. A recent memo by House Financial Services Chairman Jeb Hensarling (R-Texas) to his committee’s leadership team outlines a legislative path that leads to much the same goal. Homeowners should sit up and take notice because a lot of protections they can now take for granted will be stripped away if this push is successful.
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