I wouldn't say this qualifies as regulatory capture. Regulatory capture is when an industry embraces the creation of regulations, as it cements the incumbents' position, raises the barriers to entry for new competitors, and precludes deeper regulation or longstanding causes of legal action. The "Fair" Credit Reporting Act itself is a prime example of regulatory capture.

This is more like the wholesale (continued) destruction of the US governments ability to regulate anything. Effectively abdicating our constitutional form of government - nominally democratic and aimed at protecting natural rights - in favor of unrestrained corporate totalitarianism based around the fallacy of individual consent.