In a memo leaked by Rep. Hensarling it look as if the republicans are looking to substantially change the structure of the C.F.P.B. and limit the scope of its authority. While it is unlikely that the republicans would be able to repeal all of Dodd-Frank without democratic buy in, the recent proposal is part of a broader set of policies that Republicans have been working on to roll back the Wall Street regulations within the Dodd-Frank Act.
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