
The Consumer Financial Protection Bureau (CFPB) is retracting lawsuits against several companies, including Capital One and Rocket Homes, and pausing investigations into major firms like Meta. This decision has raised concerns among consumer advocates, who fear it undermines years of work aimed at protecting consumers. The CFPB is also seeking to vacate a discrimination case against a mortgage lender that it previously won, a case originally initiated by the agency during the Trump administration in 2020. Since the Trump era, the CFPB has dropped nine lawsuits intended to benefit consumers, signaling a significant shift in its enforcement strategy.
Since the Trump administration moved to dismantle the Consumer Financial Protection Bureau, the agency has dropped nine lawsuits — including cases involving Capital One and Rocket Mortgage — that it brought on behalf of consumers. https://t.co/jlGU6r5LJ8
A case originally brought by Trump’s own CFPB in 2020… https://t.co/jPHDpF4Nid
US consumer agency seeks to vacate discrimination case it had already won https://t.co/cveDo4gClu https://t.co/xvbMIZ7gUB
