CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion

The Consumer Financial Protection Bureau is moving to drop a suit against Capital One brought during the Biden administration just last month that accused the bank of cheating customers out of a collective $2 billion.

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CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.
The New York Times - 1h
Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units

The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this month
CNBC - 1h
PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027

Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.
CNBC - 2d
Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions

Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.
The Hill - 2d
2/23/2025: The Justice Department; CFPB; John Oliver

First, a report on the upheaval at the Justice Department. Then, a look at why the CFPB is under fire by President Trump, DOGE.And John Oliver: The 60 Minutes Interview.
CBS News - 3d
FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto

The FBI has accused North Korean-linked hackers of conducting one of the largest known thefts of cryptocurrency — worth some $1.5 billion from a Dubai-based firm
ABC News - 13h
Women: Notre Dame moves to No. 1, UCLA drops down

UCLA dropped in the rankings this week after its lone loss to USC, while Notre Dame takes the No. 1 spot.
ESPN - 6d
Bitcoin drops to a 3-month low below $90,000 in risk-off move

Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next market catalyst.
CNBC - 2d
The ‘Magnificent Seven’ are out; these stocks are in — but there’s one catch

Japanese yen carry-trade unwind could again tank the stock market.
MarketWatch - 2d

CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion

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Related

CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units

PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027

Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions

2/23/2025: The Justice Department; CFPB; John Oliver

FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto

Women: Notre Dame moves to No. 1, UCLA drops down

Bitcoin drops to a 3-month low below $90,000 in risk-off move

The ‘Magnificent Seven’ are out; these stocks are in — but there’s one catch

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