The CFPB drops its lawsuit against Capital One, marking a major reversal
The Consumer Financial Protection Bureau on Thursday dropped five major legal cases it had underway — including a big lawsuit against Capital One — marking a major reversal for an agency that had pursued aggressive action against financial institutions accused of wrongdoing during the Biden administration.
Consumer bureau drops lawsuit against Capital One
Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts.
The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this ...
The dismissals occurred while Trump’s nominee to head the CFPB, Jonathan McKernan, was on Capitol Hill testifying before the Senate in a confirmation hearing.
Capital One customers hoping for restitution following allegations of interest payment discrepancies may be disappointed.
The CFPB dropped a series of lawsuits at the end of February as the Trump administration continues to muzzle the federal ...
The U.S. Consumer Financial Protection Bureau, a watchdog agency that the Trump administration has largely closed down, asked ...
The Consumer Financial Protection Bureau abruptly dropped cases on Thursday against Capital One, Rocket Homes and a student ...
A federal judge extended a temporary restraining order blocking the Consumer Financial Protection Bureau from sending money ...
The once-fierce watchdog is dropping consumer cases against companies and processing far fewer complaints.
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