By Douglas Gillison
THE U.S. Consumer Financial Protection Bureau has dropped multiple enforcement actions against financial services companies accused of wrongdoing under the prior administration, including a major case against Capital One.
It comes as more than half a dozen enforcement actions have been swiftly dropped in recent weeks. The unprecedented mass dismissals has eviscerated much of the watchdog agency’s remaining stable of legal actions against financial services companies investigated for abusive and predatory practices.
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