Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate

Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025.

Al Drago | Bloomberg | Getty Images

The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed a trio of enforcement lawsuits undertaken by the previous administration’s director.

In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One, Rocket Homes Real Estate, a subsidiary of Rocket Cos. and a loan servicer named Pennsylvania Higher Education Assistance Agency.

“The Plaintiff, the Consumer Financial Protection Bureau, dismisses with prejudice this action against all Defendants,” the agency said in a brief filing in the Capital One case.

This story is developing. Please check back for updates.

Source

World

Circle jumps 16% on Clarity Act compromise that preserves stablecoin rewards

May 4, 2026

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act, preserving stablecoin reward programs under certain conditions. On Friday, key language in […]

World

‘Misplaced euphoria’: Markets are sleepwalking into a recession amid Iran war oil price shock

May 4, 2026

Global economies could be “sleepwalking” into a “big recession”, as investors continue to underplay the impact of the oil price shock, Amrita Sen, founder and director, market intelligence at Energy Aspect, told CNBC’s “Squawk Box Europe” on Monday. The S&P 500 hit a new all-time intraday high last week, with the broad market index touching […]

World

Stocks making the biggest moves premarket: eBay, Norwegian Cruise Line, Coinbase & more

May 4, 2026

Check out the companies making the biggest moves premarket: eBay — Shares of the online marketplace jumped nearly 9% after GameStop made an unsolicited, non-binding offer Sunday to buy eBay for roughly $55.5 billion. GameStop CEO Ryan Cohen said the merger would be a way to create a strong competitor to Amazon . GameStop fell […]