CFPB Drops Biden Lawsuits Against Capital One, Rocket Unit (1)

The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency pledged to “right size” the watchdog under President Trump.

The CFPB dismissed cases against Capital One Financial Corp.,a unit of Rocket Cos. and a lender owned by Warren Buffett’s Berkshire Hathaway Inc., according to separate court filings Thursday. They’re the latest enforcement actions pulled by the Trump administration, which has swiftly disabled the CFPB by suspending its oversight, closing its Washington headquarters and firing its director as well as many other employees.

Trump’s pick to be the ...