Capital One accused of ‘cheating millions of customers’ out of interest rate payments
Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying more than $2 billion in interest to holders of its high-interest savings accounts.
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 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 over deceptive savings rates
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 times higher than one of its other products.
Capital One Accused of Misleading Customers on Savings Rates
Capital One Financial Corp. misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection Bureau said Tuesday in a lawsuit against the bank.
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments. The Consumer Financial Protection Bureau (CFPB) accused the banking
Capital One Kept $2B In Savings Account Interest From Banking Customers, Cfpb Suit Says
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
Capital One accused of hiding lower rates in savings accounts scheme
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
U.S. regulator accuses Capital One of ‘cheating’ customers on interest rates
The Consumer Financial Protection Bureau accused the bank of “cheating” customers out of more than $2 billion by misleading them about interest rates.
Capital One accused of cheating customers out of $2 billion in new lawsuit
The Consumer Financial Protection Bureau took aim at Capital One's promises and handling of its '360 Savings' accounts.
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CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APY
Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...
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 ...
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Capital One sued for 'cheating' customers out of billions in interest on savings accounts
The regulator alleged that Capital One advertised its 360 Savings account as a “high interest” account with a variable ...
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Capital One Savings Account Interest Rates Of January 2025
Capital One’s savings account interest rates are among the best savings rates available. The 360 Performance Savings Account offers a solid combination of a high APY and low fees. Taking ...