Texas Judge Bars CFPB From Probing ‘Unfair’ Bank Discrimination

A federal judge in Texas blocked the Consumer Financial Protection Bureau from expanding its policing of banks and other financial companies for discriminatory acts using its power to crack down on “unfair” practices.

The CFPB exceeded its authority under the 2010 Dodd-Frank Act by instructing examiners to review companies for discrimination, Judge J. Campbell Barker of the US District Court for the Eastern District of Texas said in a Sept. 8 ruling blocking an expansion of the CFPB’s examination manual.

The US Chamber of Commerce, the American Bankers Association, and the Consumer Bankers Association sued in September 2022 to block ...