Abdelrahman
On January 22, 2025, Russell Vought, nominated by President Donald Trump to lead the Office of Management and Budget (OMB), appeared before the Senate Budget Committee for his confirmation hearing in Washington, D.C.
Photo Credit: Al Drago | Bloomberg | Getty Images
On Thursday, the newly appointed leadership of the Consumer Financial Protection Bureau (CFPB) chose to drop three enforcement lawsuits initiated by the previous director.
In recent court documents, the CFPB formally announced a voluntary dismissal for cases concerning Capital One, the real estate subsidiary Rocket Homes, part of Rocket Companies, as well as a student loan servicer called Pennsylvania Higher Education Assistance Agency.
“The Consumer Financial Protection Bureau, acting as the Plaintiff, hereby dismisses with prejudice all actions against the Defendants,” the agency stated in a brief related to the Capital One lawsuit.
Stay tuned for further updates on this evolving story.
