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Banks

House Financial Services chairman sees Dodd-Frank reform this year

U.S. Representative Jeb Hensarling (R-TX) speaks to members of the media after meeting with U.S. President Elect Donald Trump at Trump Tower in the Manhattan borough of New York City, U.S., November 17, 2016. REUTERS/Mike Segar

WASHINGTON (Reuters) - Reform of Wall Street rules and consumer protects imposed after the 2008 financial crisis is likely this year, and much of the law could be undone through a number of ways, the Republican chairman of a key House of Representatives committee said.

“Dealing with Dodd Frank is a this-year priority. Clearly it comes behind Obamacare, clearly it comes behind tax reform,” House Financial Services Committee Chairman Jeb Hensarling said in a CNBC interview on Tuesday.

Reporting by Susan Heavey, Editing by Franklin Paul

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