CFPB Halts Crackdown on Capital One, Other Financial Giants in Enforcement Rollback

The CFPB has dropped four major enforcement lawsuits, signaling a possible broader rollback of regulatory actions under the Trump administration.

The Consumer Financial Protection Bureau building in Washington on Oct. 31, 2023. Madalina Vasiliu/The Epoch Times

The Consumer Financial Protection Bureau (CFPB) has dropped at least four enforcement lawsuits brought by the consumer watchdog agency’s previous leadership, court filings show.

According to filings made on Feb. 27 in multiple federal courts, the CFPB has voluntarily dismissed its cases against Capital One Financial Corporation, Vanderbilt Mortgage and Finance, Rocket Homes Real Estate LLC, and the Pennsylvania Higher Education Assistance Agency. Each one of the dismissals was with prejudice, preventing the agency from refiling these cases in the future.