The Department of the Treasury named Acting Under Secretary Adam Szubin as Acting Secretary of the Treasury. Once a new Secretary is confirmed, Mr. Szubin plans to leave government service.
President-elect Donald J. Trump touted his selection of Steven Mnuchin as Secretary of the U.S. Department of Treasury, while Senate Democrats decried the selection.
President-Elect Trump's nominee for Treasury Secretary Steven Mnuchin stated that his "number-one priority on the regulatory side" is to "strip back parts of Dodd-Frank that prevent banks from lending."
A number of sources offer guidance to readers on developments in financial regulation that could occur during the president-elect's coming administration. Those sources include the Donald J. Trump website, the Republican Platform 2016 document and the proposed CHOICE Act.