Republicans have won majority control of the Senate, triggering a change of leadership in Senate committees which will once again put Richard Shelby (R-Ala.) at the helm of the Senate Banking Committee. Shelby is a staunch opponent of the Dodd-Frank act whose record is generally friendly to banks and Wall Street. But he has also pushed back on the banking industry, criticizing Wall Street for its role in the financial crisis. He also opposed the repeal of the Glass-Steagall provision, a firewall between investment and commercial banking. Shelby will likely focus on issues with bipartisan support to minimize risk of filibuster and presidential veto. Among his likely goals are eliminating the director’s job at the CFPB and requiring more disclosure by the Financial Stability Oversight Council.