Consumer bureau drops lawsuit against Capital One
Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts.
Capital One customers hoping for restitution following allegations of interest payment discrepancies may be disappointed.
The move came as Jonathan McKernan, nominated to head the CFPB, testified before the Senate during his confirmation hearing.
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