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.
The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...
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CFPB Sues Capital One Over Interest Payments. Why You Should Track Your Savings Account APYCapital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual ...
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.
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In response, Capital One said that it strongly disagreed with the CFPB’s allegations and plans to “vigorously defend” itself ...
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
The Capital One 360 Performance Savings account offers a competitive 3.80% APY (annual percentage yield), while not charging maintenance fees or requiring a minimum account balance. The ...
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
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