CFPB Drops Major Lawsuits Against Capital One and Other Financial Firms

| Importance: 7/10 | Status: confirmed

The Consumer Financial Protection Bureau (CFPB), under acting director Russell Vought, abruptly dropped five significant lawsuits, including a $2 billion case against Capital One. The dismissals, which came during Jonathan McKernan’s Senate confirmation hearing, represent an unprecedented reversal of previous enforcement actions and suggest a fundamental shift in regulatory approach.

Key Actors

Donald Trump Trump Administration Russell Vought Jonathan McKernan Capital One Rocket Homes Pennsylvania Higher Education Assistance Agency Vanderbilt Mortgage and Finance Heights Finance Holding Company

Tags

regulatory-capture justice-weaponization financial-capture project-2025

Sources (3)

Help Improve This Timeline

Found an error or have additional information? You can help improve this event.

✏️ Edit This Event ➕ Suggest New Event

Edit: Opens GitHub editor to submit corrections or improvements via pull request.
Suggest: Opens a GitHub issue to propose a new event for the timeline.