The U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds, which the agency had earlier accused of deceiving borrowers about the cost of loans.

The Consumer Financial Protection Bureau announced regulations during Biden. It is uncertain if those regulations will remain intact under Trump.

The Consumer Financial Protection Bureau is in the crosshairs of a White House that has halted its work, closed its headquarters and fired dozens of its workers.

The judge's decision comes after the Trump administration initiated mass layoffs at the Consumer Financial Protection Bureau.

President Donald Trump on Tuesday nominated a slate of top financial regulators, including a permanent head of the Consumer Financial Protection Bureau, an agency that his administration has been dismantling,

The new boss at the Consumer Financial Protection Bureau had a jarring message for staffers Monday morning, in an internal memo leaked to Rolling Stone: “Stand down from performing any work task.” The message came from Russell Vought — a Project 2025 architect who was confirmed by the Senate last week to lead the Office of Management and Budget in the Trump White House.

The Consumer Financial Protection Bureau hurts consumers by overregulating lenders. The Trump administration should shut it down.

The Trump administration has ordered the agency, created by Congress and funded by the Federal Reserve, to halt most activity and close its headquarters.