Final answer:
The Consumer Financial Protection Bureau (CFPB) is likely to investigate Mr. Connors' complaint against the First National Bank and take action if discrimination is confirmed, which may include fines, reparations, or new regulations.
Step-by-step explanation:
If Mr. Connors has lodged a valid complaint against the First National Bank for discriminatory financial practices, the Consumer Financial Protection Bureau (CFPB) will most likely investigate the matter. The CFPB, an agency established to oversee financial industries and prevent abusive practices, is empowered to enforce consumer protection laws that forbid discrimination on the basis of age, race, sex, or marital status.
Banks are also mandated to disclose publicly information about the loans they make for purchasing houses, including how they distribute these loans geographically and according to the sex and race of loan applicants.
Given the CFPB's mandate, the bureau may respond by conducting a thorough investigation into the complaint and, if discrimination is found, take appropriate actions such as levying fines, ordering reparations, or implementing new regulations to prevent further discriminatory practices.
This response aligns with the CFPB's role during various administrations, swinging from a more activist agency under the Biden Administration after previous attempts to reduce its power.