CFPB drops $95M enforcement action against Navy Federal, without explanation
By 
Aaron Nicodemus2025-07-07T19:02:00
The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.
On July 1, Acting CFPB director Russell Vought issued an order dropping the enforcement action, without explanation. In November, the CFPB had ordered Navy Federal to pay a $15 million fine, and return $80 million in overdraft fees to its members.
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