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CFPB Drops Lawsuits Against Capital 1 and Others

Hosted on MSN · 2d

CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and others

The Consumer Finance Protection Bureau has dropped several enforcement actions against companies like Capital One and Rocket Homes, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration.

bankingdive · 2d

CFPB ditches lawsuit against Capital One

The bureau reversed course Thursday after accusing the bank last month of obscuring a higher-paying savings product from some legacy savings account holders.

Boise State Public Radio · 2d

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.

2don MSN

Consumers need the CFPB. Remember the Great Recession?

The once-fierce watchdog is dropping consumer cases against companies and processing far fewer complaints.

3don MSN

Democratic senator presses Trump CFPB nominee: ‘Who’s really going to be in charge?’

Sen. Tina Smith (D-Minn.) pressed President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB) over who ...

Consumer Headlines: Capitol One lawsuit, Forever 21 store closures, and tap water quality

Capital One customers hoping for restitution following allegations of interest payment discrepancies may be disappointed.

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