Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
- The Consumer Financial Protection Bureau has dropped lawsuits against Capital One and Vanderbilt Mortgage, raising concerns about consumer protection.
- David Silberman stated that if the CFPB disappears, non-depository institutions will not face the same regulatory scrutiny as big banks.
- During its fourteen-year history, the CFPB has won over $21 billion in compensation for victims of financial fraud and abuse.
- The withdrawal of lawsuits risks consumer exploitation through predatory loans and excessive fees without the CFPB's oversight.
99 Articles
99 Articles

States look at shoring up consumer protections as Trump hobbles federal watchdog
By Kevin Hardy, Stateline.org Illinois state Sen. Mark Walker already was working on legislation to bolster the state’s protections for consumers. But now that President Donald Trump has attacked the federal government’s consumer watchdog, Walker said it’s even more important for Illinois to act. Walker, a Democrat, sponsored a bill to bolster the state’s existing bank regulator to help fill the void left by weakening of the federal Consumer Fin…
Federal layoffs upended work to help misled student borrowers
Student loan borrowers who said their lenders overcharged them were days away from getting help when the Trump administration fired the federal workers who were set to step in.The workers, from the Consumer Financial Protection Bureau, were also in the midst of helping another approximately 900 students defrauded by for-profit colleges who had been overwhelmingly, and wrongly, rejected from having their loans discharged, according to two people …
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