Lori Sommerfield, a partner in Troutman Pepper Locke’s Consumer Financial Services Practice Group, was quoted in the July 1, 2025 Bloomberg Law article, “Bank Regulator Stops Hunting for Unintentional Bias Under Trump.”

“Federal agencies cannot pursue any new fair lending supervisory actions arising from examinations or undertake investigations or enforcement actions based on the disparate impact legal theory,” said Lori Sommerfield, a partner in Troutman Pepper Locke LLP’s Consumer Financial Services Practice Group.

Fair lending exams are scheduled up to a year in advance, so banks may not have seen a significant shift yet, Sommerfield said.

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