Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion ...
NBC News15d
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...
Capital One Sued by CFPB Over Its Savings Accounts
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it ...
American Banker15d
CFPB sues Capital One over high-yield savings accounts
The bank didn't give some existing customers the higher rates it was offering new customers, the agency alleged. The bank said it would fight the suit, which comes just days before the Trump ...
CFPB Sues Capital One Over Alleged $2 Billion In Lost Interest For Consumers
Capital One Financial Corporation (NYSE:COF) is facing a lawsuit filed by the Consumer Financial Protection Bureau (CFPB), ...
Daily Voice Sullivan County NY on MSN15d
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 ...
The Washington Post15d
U.S. regulator accuses Capital One of ‘cheating’ customers on interest rates
In July, for example, the CFPB alleges, the Performance Savings rate was more than 14 times that of the original 360 Savings accounts. But Capital One kept existing customers in the original ...
Virginia Business15d
CFPB sues Capital One, claiming bank avoided paying $2B in interest
Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low ...
Hosted on MSN14d
Capital One allegedly cheated customers out of $2 billion, CFPB says
But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 Performance ...
NBC News15d
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
However, the interest rates of the two options were substantially different, according to the CFPB. Capital One increased the ...
CBS News14d
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...
Yahoo Finance14d
Capital One sued by CFPB over its high-yield savings accounts
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 ...