A pair of Biden-era officials from the Consumer Financial Protection Bureau accused the Trump administration of moving to “reboot” the practice of redlining.
In a piece of commentary published in the Harvard Journal of Law & Technology, the CFPB’s former general counsel and a former enforcement official accused Russ Vought – who is serving as the agency’s acting head – of “systematically dismantling” federal anti-discrimination law in financial services.
“Federal law has prohibited redlining, as well as acts that discourage borrowers from applying for loans on the basis of characteristics like race, gender, or religion (think: a “whites only” sign on a bank window),” former CFPB officials Seth Frotman and Tara Mikkilineni wrote. “The Trump administration wants to change that.”
