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CFPB Drops Lawsuit Against Capital One Amid Agency Turmoil

Business and Finance
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  • CFPB dropped major legal cases, including one against Capital One
  • Agency faced criticism for overreaching under Biden administration
  • Senate Banking Committee grilled Jonathan McKernan, Trump's nominee
  • Dismissal of lawsuits raised concerns about agency's direction
  • Consumer groups criticized end of litigation, emphasizing CFPB's importance
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