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Trump's Treasury pick: 'stripping back Dodd-Frank' is a priority

Joe Mont | November 30, 2016

More tea leaves about how the new Trump Administration will approach regulation were steeped during a Wednesday interview on CNBC’s "Squawk Box" with Steven Mnuchin and Wilbur Ross, selected, respectively, as Treasury and Commerce secretaries.

On Dodd Frank:

Mnuchin: “We look forward to working with [Rep. Jeb] Hensarling [a Republican from Texas, chairman of the House Financial Services Committee, author of the Dodd-Frank Act-gutting CHOICE Act, and a once-rumored consideration for Treasury Secretary] and the other people in Congress on this. One of the good things about Wilbur and I, we have actually been bankers. We were the only two people during the financial crisis that were issued licenses. We've been in the business of regional banking and we understand what it is to make loans. That's the engine of growth...

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