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

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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 ImagesThe 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 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.