The US Consumer Financial Protection Bureau has dropped a lawsuit against Capital One Financial (COF), multiple media outlets reported Thursday.
The agency in January had accused the bank holding company of cheating millions of consumers over $2 billion in interest payments on savings accounts.
In legal filings, the agency issued a notice of voluntary dismissal for the lawsuit, according to multiple reports.
COF shares were over 1% higher in recent trading.
Price: 199.45, Change: +2.68, Percent Change: +1.36
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