Russell Vert, president of US President Donald Trump’s Office of Management and Budget (OMB), was a candidate for the Senate Budget Committee, on Wednesday, January 22, 2025, at a confirmation hearing of the Senate Budget Committee in Washington, DC.
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The new leadership of the Consumer Financial Protection Agency on Thursday dismissed at least four enforcement lawsuits filed by the former administration director.
In a legal filing, the CFPB issued a notice of voluntary dismissal of a case that contained capital. Vanderbilt Mortgage & Finance, owned by Berkshire Hathaway. RocketCos, known as Rocket Homes Real Estate. unit. A loan servicer named the Pennsylvania Department of Higher Education Aid.
“The plaintiff, the Consumer Financial Protection Bureau, will dismiss this case against all defendants on bias,” the agency said in a brief submission in one case in the capital. I used a similar language in other cases.
The move is the latest indication of an abrupt shift in agents as CFPB director Russell Vought took over this month. Together with Elon Musk’s government efficiency, the CFPB has closed its Washington headquarters, fired about 200 employees and told anyone who has stopped almost every job.
Similarly, filings began to appear as Senators were grilling Jonathan McCernan.
A current and former CFPB employee told CNBC that legal cases with future docket dates are likely to be dismissed as agents deny most of what former director Rohit Chopra did.
It begins Friday, and is a fintech lender accused of gouging clients when the agency dismissed a lawsuit against the solo fund.
This story is developing. Please check for updates.
