11:57 AM EST, 02/27/2025 (MT Newswires) -- 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