The rise in the use of palm oil has more to do with people thinking that because it's natural, it's "healthy" for you (which is really only true if your baseline for comparison is eating tubs of margarine) thanks to folks like Dr. Oz.
So, since you can't see my eyeroll at the downvotes, here are citations:
NPR piece noting that transfat usage has dropped by 86% before the ban: http://www.npr.org/sections/thesalt/2015/06/16/414906829/fda...
And somewhat surprisingly the wikipedia article on the nutritional & health effects of palm oil is pretty well cited: https://en.wikipedia.org/?title=Palm_oil#Nutrition_and_healt...
tl:dr; Transfats are bad for you. That's why they don't sell them. Palm oil isn't vastly healthier than other oils. Eat less fat.