Trump EO seeks to undo federal consent orders against businesses over lending, hiring bias
By 
Adrianne Appel2025-05-13T14:33:00
Businesses under consent decrees for violating federal anti-discrimination laws, including fairness in lending and hiring laws, may be off the hook under a sweeping executive order (EO) issued by President Donald Trump last month. The EO, aimed at furthering his agenda of dismantling protections against discrimination, says all agencies “shall evaluate” existing agreements by the end of July.
The sprawling order, “Restoring equality of opportunity and meritocracy,” issued April 23, could bring pending investigations to a halt as well.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefBuy now, pay later firms catch a break as CFPB backs off enforcement
The U.S. Consumer Financial Protection Bureau (CFPB) signaled a softer regulatory approach last month, easing its investigation of financial firms following the U.S. government’s broader efforts under President Donald Trump to scale back regulatory enforcement on businesses. The agency reaffirmed this pivot as it will ease scrutiny of “Buy Now, ...
-
News BriefIn continuing re-evaluation of FCPA cases, DOJ ends Albemarle FCPA reporting
The Department of Justice has ended another FCPA-related compliance action more than a year early. This scaling back of regulatory enforcement by the federal government has been a growing trend since the start of the Trump administration.
-
PremiumUnder intense pressure, former DOJ Polite says it’s compliance’s time to shine
Like never before in modern American history, ethics and compliance are under attack.
More from Regulatory Policy
-
ArticleNew DOJ fraud division means broad realignment of resources and attorneys
A new Department of Justice (DOJ) division will lead investigations of government fraud, and take over duties—and staff, and funds– currently handled by other DOJ divisions and government agencies, Acting Attorney General Todd Blanche announced.
-
PremiumHong Kong wants to know if your bank has a culture problem
The Hong Kong Monetary Authority’s Bank Culture Reform program is in its eighth year. Phase 2 of its misconduct-sharing scheme covers more than 50,000 banking professionals. The shift signals regulators are evaluating whether culture works, not just prescribing rules.
-
NewsFinCEN proposes overhaul of AML rules, ending 2024 risk assessment requirements
A rule overhaul proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network is designed to reduce compliance burden, which would free up banks from tracking all but the most egregious illicit financial activities.