[Photo:  Trump Building, 40 Wall Street  -  Wired New York]

A new crowd of deregulating Wall Streeters take power in Washington under President Donald Trump, as they prepare to freeze, then undo, Obama-era rules. Here are some of the story-lines.

1) TEAM TRUMP'S WALL STREET HANDS.    President Trump continues to turn to Wall Street veterans to oversee Wall Street, many tied to Goldman Sachs Group, a firm he attacked on the campaign trail. His choice to run the SEC has been a Goldman lawyer. His team is considering a Goldman managing director to be the Treasury’s financial policy point man. He’s also eyeing 2 veterans of the George W. Bush administration to round out key positions at the Federal Reserve and Treasury.

2) SHAPING THE NEW AGENDA.    On his first day in office, President Trump issued a blanket regulatory freeze, including blocking a last-minute Obama administration move to lower fees on government-backed mortgages. Officials have signaled upcoming moves aimed at financial rules, including a Labor Department regulation shaking up the retirement savings industry. Meantime, with the White House now in friendly hands, congressional Republicans are burnishing plans to roll back the 2010 Dodd-Frank financial overhaul law.

3) THE CONSUMER FINANCE WATCHDOG STAYS ON PATROL.    Many congressional Republicans, and financial execs, want President Trump to rein in the Consumer Financial Protection Bureau (CFPB), and to fire Director Richard Cordray. But Mr. Cordray made clear Tuesday morning, in his first public appearance since the inauguration, that he plans to carry out, undeterred, his aggressive law-enforcement agenda. Mr. Cordray has backed up those words with deeds, announcing 3 big cases over the past week. In 2 of those, however, the target firm is pushing back, accusing Mr. Cordray of overstepping his bounds - and hoping for some backing from the new administration.

4) A FINAL RUSH OF OBAMA ENFORCEMENTS - AND CONTINUING PROBES.    The Obama administration struck settlements with big banks and others worth around $20 billion in its last week, as officials rushed to close the books on crisis-era cases and, more broadly, wrap up a range of charges against big business. And signaling a new area of investigation transcending administrations, the SEC has said Yahoo’s data breaches should have been reported sooner to investors, a major test case in defining when a company is required to disclose a hack.

5) MEANTIME, CHINA CRACKS DOWN.    While President Trump has accused China of intentionally devaluing its currency, Chinese regulators have actually been scrambling to stem capital outflows associated with a cheaper yuan, and to try to stabilize their financial system. Beijing has in recent weeks taken actions on matters including excessive refinancing, foreign-exchange transactions, high-yielding insurance products and bitcoin.