Michaud: There Won’t Be Wholesale Repeal of Dodd-Frank

The transcript discusses the impact of the Trump presidency on banks, highlighting a favorable macroeconomic environment and potential regulatory changes, including amendments to Dodd-Frank. It explores investment opportunities in banks, considering factors like interest rates and tax reforms. The discussion also covers potential changes in the CFPB and the US mortgage finance system, emphasizing the need for regulatory adjustments. Additionally, the role of fintech and possible changes in the SEC are examined, focusing on the need for balanced regulation to enhance the financial services industry.

What macro forces are currently favorable for the banking sector according to the text?

How has the election impacted the performance of large banks and financials?

What changes in regulation are expected to occur in the banking industry?

What is the significance of the Dodd-Frank amendments mentioned in the text?

What are the potential impacts of higher interest rates on the mortgage industry?

What role does the government play in the mortgage finance system according to the discussion?

How might technology innovation affect the banking sector's return on equity?