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US CFPB scraps Citibank discrimination case three years early

Investing.com•Thursday, October 16, 2025 at 10:48:47 PM
NegativeFinancial Markets
US CFPB scraps Citibank discrimination case three years early
The U.S. Consumer Financial Protection Bureau (CFPB) has decided to drop its discrimination case against Citibank three years ahead of schedule, raising concerns about the enforcement of fair lending practices. This decision is significant as it may set a precedent for how financial institutions are held accountable for discriminatory practices, potentially undermining consumer protections. Critics argue that this move could weaken the CFPB's role in combating discrimination in the banking sector, leaving vulnerable communities at risk.
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