As the Trump administration prepares to take office in January, many are questioning how it might alter the regulatory regime of the U.S. financial services industry. Among the proposals are tweaks to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which was a response to the 2007-2008 financial crisis. Dodd-Frank and the agencies set up under it aimed to make banks stronger, to help them identify risks and respond to them sooner, and to protect consumers. Steven Mnuchin, Trump’s choice for treasury secretary, told CNBC last week that Dodd-Frank “is way too complicated, and it cuts back lending.” He said his “number-one priority on the regulatory side” would be to strip back parts of Dodd-Frank that prevent lending.…