Published 5 days ago • loading... • Updated 3 days ago

Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate

The Consumer Financial Protection Bureau dropped lawsuits against Capital One and Rocket Homes, which were accused under the previous administration of significant consumer violations.
The Consumer Financial Protection Bureau dropped lawsuits against Capital One and other companies accused of financial wrongdoing, including a case over $2 billion in lost interest payments to customers.
Rocket Homes stated the lawsuit against them was baseless and welcomed its dismissal, while Capital One disputed the agency's claims against it.
The Consumer Financial Protection Bureau has faced significant changes under President Donald Trump, including staff layoffs and office closures, affecting its operations.

Insights by Ground AI

Does this summary seem wrong?

47 Articles

All

Left

Center

Right

Fast Company

Capital One and Rocket Homes lawsuits dropped by CFPB as Trump guts consumer protections

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.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 oth…

4 days ago

Read Full Article

The Washington Post

Column | Consumers need the CFPB. Remember the Great Recession?

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

4 days ago

Read Full Article

bankingdive.com

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.

4 days ago

Read Full Article

Common Dreams

Trump’s CFPB Drops Cases Against Companies Accused of Cheating Consumers

The companies are accused of ripping off savings account holders, illegally collecting on student loans, and more.

4 days ago·United States

Read Full Article

thedailyupside.com

CFPB Withdraws Cases Against Companies Accused of Cheating Millions of Americans

The Trump administration’s feather-light regulatory touch was on full display again Thursday. The Consumer Financial Protection Bureau said it was dropping four cases against companies accused of illegally cheating millions of customers, including banking giant Capital One and a subsidiary of Warren Buffett’s Berkshire Hathaway. It could go down as the day that defined the next four years of corporate oversight, or lack thereof. Ecstatic vs. Ap…

4 days ago

Read Full Article

Lockport Union-Sun & Journal

Reposted by

Niagara Gazette

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

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 Trump administration.

4 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year