Rep. Stephen Lynch EXPOSES Bessent: AI Loan Denials “Not a Priority”

In a House hearing, Rep. Stephen Lynch asks Treasury Secretary Scott Bessent who is protecting consumers when enforcement cases disappear and warnings go quiet. A Public Citizen analysis counts more than 100 enforcement actions and investigations halted, dismissed, or rolled back in the Trump administration’s first two months. Potential penalties avoided: over 3.1 billion dollars. Lynch then compares two Financial Stability Oversight Council reports. The 2024 report flagged AI bias and unexplainable credit denials. The 2025 report, he says, focuses on removing regulatory impediments. Bessent’s answer on AI credit decisions: it could be a concern, but it is not a priority for financial stability.