Democratic lawmakers would expect Gensler to undo policies put in place during the Trump administration.
Banks are preparing for more aggressive enforcement and an expansion of the CFPB’s authority through its rulemakings.
Biden’s transition team is considering potential Black nominees for several economic posts, according to insiders.
The move is unusual because most agencies stop issuing major new policies after a presidential election.
The financial industry chatter about an SEC pick highlights the job’s importance to banks, asset managers and stock exchanges.
Robin Hood generated four times as many consumer complaints in the first half of the year than its big competitors.
Those with the rosier outlook point to Biden’s mostly pro-business inner circle.
He said he would conduct himself with “independence” and “follow all ethical rules.”
Though Clayton has golfed with Trump, the two aren’t known to be especially close.
Wall Street is pushing back on proposals to de-list Chinese companies from U.S. exchanges.
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