CFPB new leadership dismisses enforcement lawsuits against Capital One and Rocket Mortgage.

From CNBC: 2025-02-27 11:40:30

Russell Vought, nominee for US President Donald Trump’s Office of Management and Budget, faced a Senate Budget Committee confirmation hearing in Washington, DC on Jan. 22, 2025. The Consumer Financial Protection Bureau’s new leadership dismissed enforcement lawsuits from the previous director, including cases involving Capital One, Rocket Homes Real Estate, and Pennsylvania Higher Education Assistance Agency. The CFPB issued a notice of voluntary dismissal for these cases, stating “The Plaintiff, the Consumer Financial Protection Bureau, dismisses with prejudice this action against all Defendants.” Stay tuned for updates on this developing story.

Read more: CFPB drops lawsuits against Capital One and Rocket Mortgage affiliate