Coverage dated February 26, 2025 to February 27, 2025
The CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and more
Headline from 12News Now Beaumont
The lawsuits were all filed under the agency’s previous director, who President Trump fired just weeks ago.
12News Now Beaumont's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Consumer Financial Protection Bureau on Thursday dropped a series of enforcement actions against financial services companies accused of wrongdoing under the prior administration, including a major case against Capital One for allegedly avoiding billions in interest payments.
The Consumer Financial Protection Bureau is moving to drop a suit against Capital One brought during the Biden administration just last month that accused the bank of cheating customers out of a collective $2 billion.
NEW YORK -- 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 the Trump administration.
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The CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and more | Since Then