Consumer bureau drops lawsuit against Capital One
Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts.
The dismissals occurred while Trump’s nominee to head the CFPB, Jonathan McKernan, was on Capitol Hill testifying before the Senate in a confirmation hearing.
The Consumer Financial Protection Bureau abruptly dropped cases on Thursday against Capital One, Rocket Homes and a student loan servicer, according to court filings.The moves come as Jonathan ...
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