The CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and more
In notices of voluntary dismissals filed on Thursday, the CFPB dropped lawsuits it had brought against Capital One, Rocket Homes, Vanderbilt Mortgage and Finance, owned by Warren Buffett’s Berkshire Hathaway, and others.
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.
The once-fierce watchdog is dropping consumer cases against companies and processing far fewer complaints.
Capital One customers hoping for restitution following allegations of interest payment discrepancies may be disappointed.
Warren and other Democrats have fumed over Trump administration moves to cripple the consumer bureau, which has long been a ...
Keefe Bruyette analyst Sanjay Sakhrani says the Consumer Financial Protection Bureau dropped its enforcement action against Capital One (COF) ...
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