BankThink

Though the credit union regulator often takes center stage in the industry it oversees, it is rarely in the spotlight outside of CUs, but here's hoping our newly elected lawmakers take notice of the agency.

My fellow Americans, our long national nightmare is over. That's the good news. The bad news: it's time to prepare for the next one, be in in Congress or the courts.

Regulatory costs may be warranted, but neither Congress nor the executive branch assessed the cost of the Dodd-Frank Act before its enactment.

While remittances may pose higher risks than services like bill pay, they are absolutely necessary in an age of unprecedented migration. It's high time state and federal regulators update the rules to help inspire banks to re-risk.

Receiving Wide Coverage ...Goodbye Dodd-Frank: President-elect Trump's transition team said it would dismantle the Obama administration's signature post-crisis financial reform law. Republicans are "salivating over a wish list of Dodd-Frank changes that until recently stood little chance of avoiding President Barack Obama's veto pen," the Wall Street Journal said. "The lineup includes everything from regulatory exemptions for community banks and regional banks to a new regime for insurers and asset managers to curbs on the federal government's influence over consumer-finance products such as mortgages and payday loans." A note on Trump's transition website said the incoming administration would replace the law "with new policies to encourage economic growth and job creation," without providing specifics.

Any company that uses point of sale systems or technology is at risk.

The historic election has presented an opportunity for a comprehensive overhaul of the housing finance system after eight years of gridlock.

Goldman Sachs' latest class of partners includes 19 women, which is as high as that number has ever been; a Trump adviser says Janet Yellen isn't going anywhere, for now; and what the election taught us about the depth of the gender divide. Also, Thasunda Duckett, Margaret Keane and Christine Lagarde.

The credit agencies played a role in the Great Recession, but marketplace lenders still need ratings oversight to make their businesses viable.

Receiving Wide Coverage ...Winner and losers: Small and medium-size banks are likely to be the biggest winners in a Donald Trump administration. Big banks? Not so much. "One thing investors can likely be confident in is that substantial deregulation is coming for smaller banks," the Wall Street Journal said. There is already a bipartisan consensus that smaller banks are overly burdened by Dodd-Frank regulations, while there are several proposals that would raise the threshold for annual stress-testing by the Federal Reserve to $250 billion of assets from $50 billion.