Big news about the Consumer Financial Protection Bureau (CFPB)! This government group protects people from unfair financial practices. Recently, it dropped several big cases against companies. This means the companies won't face punishment for things like charging too much interest or tricking people into loans they couldn't afford.
- The CFPB dropped cases against big companies like Capital One and others.
- These companies were accused of unfair practices that hurt consumers.
- Some people think this is a big change, and the CFPB might be less active in the future.
| Company | Accusation | Result |
|---|---|---|
| Capital One | Illegal interest charges ($2 Billion!) | Case dropped |
| PHEAA | Illegal student loan collection | Case dropped |
| Others (Vanderbilt, Rocket Homes, Heights Finance) | Various unfair practices | Cases dropped |
