By Douglas Gillison
THE U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds, which the agency had earlier accused of deceiving borrowers about the cost of loans.
The case, which the CFPB filed less than a year ago in federal court in Los Angeles, appeared to be the first to be withdrawn since the Trump administration took over the consumer watchdog agency earlier this month, freezing activities, firing scores of workers and removing the agency’s insignia from its Washington headquarters.
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