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.
Sen. Tina Smith (D-Minn.) pressed President Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB) over who ...
“We are deeply disappointed to see the CFPB continue its recent pattern of filing eleventh hour lawsuits ahead of a change in administration,” a Capital One spokesperson said Tuesday.
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.
Keefe Bruyette analyst Sanjay Sakhrani says the Consumer Financial Protection Bureau dropped its enforcement action against Capital One (COF) ...
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