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 U.S. Consumer Financial Protection Bureau on Thursday dropped five enforcement actions against financial services ...
The companies are accused of ripping off savings account holders, illegally collecting on student loans, and more.
Capital One customers hoping for restitution following allegations of interest payment discrepancies may be disappointed.
The move came as Jonathan McKernan, nominated to head the CFPB, testified before the Senate during his confirmation hearing.
Sen. Tina Smith (D-Minn.) pressed President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB) over who ...
The once-fierce watchdog is dropping consumer cases against companies and processing far fewer complaints.
Keefe Bruyette analyst Sanjay Sakhrani says the Consumer Financial Protection Bureau dropped its enforcement action against Capital One (COF) ...
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