Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
CFPB: Capital One Cheated 360 Savings Customers On Interest
The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Capital One and its parent company,
Capital One sued; Cheated customers out of $2 billion, feds said
The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high-interest savings accounts.
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.
Capital One sued by CFPB over its high-yield savings accounts
The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while it increased the new 360 Performance Savings account’s APY from 0.40 percent to 4.25 percent between April 2022 and January 2024.
Capital One cheated customers out of billions, says lawsuit
Capital One (COF) , one of the largest banks in the U.S. with over 100 million customers, recently saw a boost in profits. The company’s third-quarter earnings report for 2024 revealed that it generated a total net revenue of $10 billion,
Capital One allegedly swindled savings account holders out of billions in interest income
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
Capital One Made ‘Substantial Progress’ Resolving Outage—Here’s What To Know
The bank experienced a “technical issue” with a third-party vendor this week, impacting some account services like deposits ...
Major bank accused of fraud, cheating customers out of billions
A federal watchdog has sued Capital One. The watchdog has accused the major bank of fraud, thus cheating customers out of ...
Capital One kept interest payments low on ‘high-interest’ savings accounts, regulators claim
In response, Capital One said that it strongly disagreed with the CFPB’s allegations and plans to “vigorously defend” itself ...
Capital One sued over deceptive savings rates
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
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10 Best High-Yield Savings Accounts For January 2025
Commissions do not affect our editors' opinions or evaluations. The best high-yield savings account is Capital One 360 Performance Savings Account™, earning the top rating of 5.0 stars in our ...
Capital One faces US CFPB lawsuit over $2bn in unpaid interest
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
Secrets of Capital One’s Alleged Scam Revealed
Capital One has been sued by the Consumer Financial Protection Bureau for allegedly purposefully misguiding customers on its ...