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International Business Times
International Business Times
Vidhya Ck

Consumer Watchdog Drops Legal Actions Against Firms Accused Of Financial Crimes, Including Capital One

CFPB Capital One Jonathan McKernan United States Donald Trump Rocket Homes
The dismissal of the major cases has significantly diminished the CFPB’s remaining legal actions against companies accused of abusive practices in the financial sector. (Credit: Reuters)

The U.S. Consumer Financial Protection Bureau (CFPB) made a striking move Thursday by dismissing five enforcement actions against financial services companies accused of various violations under the previous administration.

The dismissal of the cases has significantly diminished the CFPB's remaining legal actions against companies accused of abusive practices in the financial sector.

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