By Robert Cox ( November 15, 2018, 2:33 PM EST) -- The 2018 midterm elections will cause a big shake-up in the leadership and membership of the House Financial Services Committee and the Senate Banking, Housing and Urban Affairs Committee. However, it will likely have only a minimal impact on audit legislation and regulation. Rep. Maxine Waters, D-Calif., appears to be in line to chair the House Financial Services Committee. Waters has been a vocal opponent of the Trump administration, particularly with regard to the president's businesses, the banking industry, predatory lenders, and changes at the Consumer Financial Protection Bureau. With regard to the Senate Banking Committee, the current chairman, Sen. Mike Crapo, R-Idaho, may move on to the Senate Finance Committee depending on whether Sen. Chuck Grassley, R-Iowa, wants to chair that committee.[1] If Crapo moves on, Sen. Pat Toomey, R-Pa., may be next in line to chair the Banking Committee.[2]...