October 15, 2025 | WASHINGTON, D.C. — An updated memo from the Consumer Federation of America (CFA) and Protect Borrowers reveals that the Trump-led Consumer Financial Protection Bureau (CFPB) has quietly dismissed or rolled back 42 public enforcement actions since taking control of the agency in early February 2025. The Trump CFPB’s dropping of enforcement actions or rolling back of already-settled cases has typically been carried out with zero public explanation or notice, raising unanswered questions about how and why these pardons are handed out.
“The Trump CFPB is doing less than the bare minimum when it comes to enforcing the law and protecting consumers. The unexplained handouts to dozens of corporate offenders begs the question as to what backroom dealmaking or lobbying may be happening behind the scenes,” said Mike Pierce, executive director of Protect Borrowers. “Wall Street and Big Tech are being given a pass by the agency that should instead be watching out for Americans.”
“Violating the law and cheating families out of their money should have serious consequences. Instead, under Trump’s CFPB, corporate lawbreakers are rewarded, and ordinary people are left holding the bag,” said Erin Witte, director of consumer protection at Consumer Federation of America. “Fraudsters and cheats are hearing and seeing that it is open season to steal Americans’ money.”
The document outlines a sweeping rollback of accountability, with the Trump CFPB abandoning suits against some of the country’s most powerful financial actors. Since the last time CFA and Protect Borrowers updated its list of Trump CFPB corporate pardons, the CFPB granted early termination of consent orders involving major actors such as Apple, U.S. Bank, and Regions Bank. At least four of the companies that have received favors from Trump’s CFPB have been involved in major mergers or product deals in 2025, including Comerica Bank (acquisition by Fifth Third), Apple (potential credit card deal with J.P. Morgan Chase, another entity that received a Trump CFPB pardon), Capital One (acquisition of Discover), and Rocket Companies (acquisition of Mr. Cooper and Redfin).
These actions once promised billions in redress to consumers but are now being walked back without explanation. CFA and Protect Borrowers are warning that this unprecedented rollback not only lets lawbreakers keep Americans’ hard-earned money but also sets a dangerous precedent: financial firms can now evade punishment by simply waiting out regulatory leadership changes.
Further Reading
Hundreds of millions in consumer redress owed to consumers has been taken away or at risk, new investigation reveals: Thanks to Trump CFPB’s Actions, More Than $360 Million Owed to Americans is at Risk, New Investigation Reveals
Trump attacks on the CFPB have cost Americans at least $18 billion: Trump’s Consumer Financial Protection Agenda—or Lack Thereof—Has Already Cost Americans More Than $18 Billion
Protect Borrowers and CFA memo identifying 87 congressionally imposed mandates Director Vought is refusing to perform: Advocates Applaud Lawsuits Challenging Trump and Vought’s Corrupt and Unlawful Attempt to “Delete” Consumer Watchdog Agency, CFPB
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About Protect Borrowers
Protect Borrowers (formerly Student Borrower Protection Center) is a nonprofit organization led by a team of experts, lawyers, and advocates fighting to build an economy where debt doesn’t limit opportunity. We investigate financial abuses, take predatory companies to court, and push for policies to protect working people from debt traps. We aim to deliver immediate relief to families while building power, driving systemic change, and fighting for racial and economic justice.
Learn more at protectborrowers.org or follow us on social @BorrowerJustice.
About Consumer Federation of America
Consumer Federation of America is an association of non-profit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education.
Learn more at consumerfed.org or follow CFA on Twitter at @ConsumerFed.