The Consumer Financial Protection Bureau dropped its lawsuit against Walmart Inc. and one of its financial-technology partners, the latest of the agency’s Biden-era enforcement actions to be abandoned by President Donald Trump’s administration.
The CFPB formally moved Tuesday to dismiss the lawsuit, filed in December in the US District Court for the District of Minnesota. The notice, signed by the agency’s chief legal officer, Mark Paoletta, is the latest in a flurry of abandoned enforcement actions, including lawsuits against Capital One Financial Corp. and JPMorgan Chase & Co.
A Walmart store in American Canyon, California, on Feb. 21.
Photographer: David Paul Morris/Bloomberg
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