The Consumer Financial Protection Bureau dropped a Biden-era lawsuit against Capital One Financial Corp., the latest in a slew of enforcement actions pulled under the Trump administration.
The consumer watchdog dismissed the lawsuit with prejudice, meaning it cannot be reopened, according to a filing Thursday in the U.S. District Court for the Eastern District of Virginia. The CFPB had alleged last month that the lender misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts.
A Capital One spokesperson didn’t immediately respond