The U.S. Consumer Financial Protection Bureau on Thursday dropped 5 enforcement actions against financial services companies accused of wrongdoing.
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00:00The U.S. Consumer Financial Protection Bureau on Thursday dropped five enforcement actions
00:06against financial services companies accused of wrongdoing under the prior administration,
00:12including one major case against Capital One. The unprecedented mass dismissals
00:18eviscerated much of the watchdog agency's remaining stable of legal actions
00:22against financial services companies investigated for abusive and predatory practices.
00:28President Trump is moving rapidly to dismantle the CFPB, which he has said should be eliminated.