The president-elect could take aim at the Federal Reserve's ties to Wall Street, bailout authority and other reforms if he really means to take steps to help working people.
Threats to the Consumer Financial Protection Bureau's future became more real with Donald Trump's victory, but all the outrage over the bureau's policies is overblown.
The GOP victories boosted expectations of federal regulatory action easing up, but such a scenario would likely create a void of power for certain state agencies to fill.
The megabanks that emerged relatively unscathed from the crisis are cited as proof of universal banking's benefits, but recent events have debunked that claim.
Politicians clamoring for the largest U.S. institutions to be broken up have failed to consider the prospect of China acquiring a bigger piece of the American banking system.
The complexity for large banks trying to improve culture is they are made up of different entities with competing missions and therefore competing cultures.
While President-elect TrumpÂ's influence on the financial industry may ultimately be substantial, any change is going to be slow to develop Â-- sometimes agonizingly so.
The president-elect should consider establishing an executive-level office to inform his administration on ushering in a new era of financial regulation Â-- one that is much savvier about new technology and big data.
Following the regulatory orders against Wells Fargo and the resignation of its CEO, stockholders are likely to ask whether the board has responsibility and even liability for the bank's compliance failures.
