The consumer financial protection bureau dropped its lawsuit against capital one that accused the bank of cheating customers out of $2 billion in interest on savings accounts. The decision comes after changes in leadership at the bureau, which has halted many legal actions against various companies.
Stacy Cowley
02/27/2025 12:00:00 AM
Business & Finance

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Accused by the consumer financial protection bureau of deceptive tactics.

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Filed a lawsuit against capital one for cheating customers.

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Director of the White House budget office who took control of the consumer bureau.

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Brought in by russell vought as the agency’s chief legal officer.
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Litigation dropped by the CFPB for student loan servicing failures.