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CFPB case against Capital One dismissed

Image of Jonathan McKernan, nominee to head up the CFPB.
Jonathan McKernan, nominee to head up the CFPB. Photo: Kayla Bartkowski/Getty Images

Julie DiMauro

2 min read
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The CFPB had accused the bank of keeping a higher-paying savings product from some legacy savings account holders.

The Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Capital One, making it yet another case the newly managed agency has dropped in the last month.

Reports of the Bureau’s move to drop the lawsuit came just as Jonathan McKernan, President Trump’s nominee to lead the

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