Trump’s CFPB scraps nearly 2 dozen orders on redlining, illegal fees

(NewsNation) — The Consumer Financial Protection Bureau under President Donald Trump has dropped nearly two dozen consent orders that regulated banks and lenders accused of violations such as redlining and illegal overdraft fees.

The orders had targeted companies including Citibank, U.S. Bank and Toyota Motor Credit Corporation. Citibank’s order addressed alleged discrimination against Armenian-American customers, while U.S. Bank was cited for reportedly illegally freezing unemployment benefit prepaid cards. Toyota Motor Credit Corporation was accused of preventing borrowers from canceling expensive loan bundles.

The consent orders had required companies to compensate affected consumers and take steps to prevent future violations.

“This is completely unprecedented,” Shennan Kavanagh, di