Law
fromTruthout
4 months agoTrump's CFPB Drops Cases Against Companies Accused of Cheating Consumers
The Trump administration faces backlash for halting enforcement actions against companies accused of financial misconduct.
The CFPB's claim that Bank of America failed to collect critical race, ethnicity, and sex data on mortgage applications underscores significant regulatory lapses in mortgage lending practices.
CFPB's internal investigation acknowledged that Townstone did not engage in discriminatory practices but was targeted for its political speech, raising concerns about regulatory overreach.