As Donald Trump's upset victory over Hillary Clinton emerged,stock futures fell sharply. But, in some respect, Trump's victorycould be a gift to financial institutions that loathed acontinuation of the Obama administration's regulatory andenforcement policies. In a speech in August, Trump said he wouldcall for a moratorium on new financial regulations.

On the campaign trail, Trump often called for “dismantling” theDodd-Frank financial reform law that created the CFPB, an agencythat rankled Republicans ever since it arose from the ashes of thefinancial crisis. Republican leaders in the U.S. House are pushinglegislation that would replace the CFPB.

Trump is set to take control of the White House as Republicanskeep majorities in the U.S. Senate and House, giving hisadministration a powerful position to pursue domestic andinternational goals. And to make U.S. Supreme Court picks.

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