Companies may avoid consequences for alleged wrongdoing as the Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Homes and pauses investigations into Meta and others — including providers of medical credit cards.

Roughly 1,500 employees — or almost 90% of the agency's staff — will be cut from the CFPB, leaving around 200 people, according to an administration official who wasn't authorized to disclose the figure publicly and spoke to the Associated Press on condition of anonymity. Fox Business first reported the number of layoffs.