Reported about 18 hours ago
The U.S. Consumer Financial Protection Bureau (CFPB) has dropped a lawsuit against online lender Solo Funds, which accused the company of misleading borrowers about loan costs. This dismissal marks the agency's first withdrawal of a case since President Trump began efforts to weaken the CFPB, including freezing its operations and altering its leadership. The CFPB had claimed Solo Funds misrepresented loan costs and coerced customers into unnecessary payments, allegations Solo Funds contested in court. The motion filed by both parties indicated a complete dismissal of the case with each side bearing its own legal costs.
Source: YAHOO