The CFPB accused Capital One of marketing its "360 Savings" accounts as offering some of the nation's highest interest rates but froze those rates while competitors' rates climbed. Simultaneously ...

The Consumer Financial Protection Bureau (CFPB) announced today it’s suing Capital One for “cheating millions of consumers” who held its flagship 360 Savings account out of more than $2 ...

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...

The bank didn't notify 360 Savings accountholders about the new product, "and instead worked to keep them in the dark about these better-paying accounts," said the CFPB, which estimated the ...

The complaint, filed Tuesday, alleges that Capital One froze the interest rate for its "360 Savings" accounts at a low level for several years, even as national rates increased. The CFPB claims ...

Capital One promised very high interest rates on millions of savings accounts but the bank didn’t deliver, losing customers more than $2 billion, the Consumer Financial Protection Bureau (CFPB ...

The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the ...

However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...

The federal agency alleges that Capital One failed to inform holders of its 360 Savings account about a higher-yield product, effectively keeping customers locked into accounts with significantly ...