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 by misleading them.
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 ...
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 ...
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), ...
The Washington Post16d
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 ...
The Business Journals15d
Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments
The CFPB lawsuit, filed Tuesday in the U.S. District Court for the Eastern District of Virginia, comes some two months after the $486 billion-asset Capital One (NYSE: COF) disclosed that it had ...
Reuters16d
Capital One sued by US CFPB for avoiding billions in interest payments
CFPB says bank kept depositors in dark about higher rates Bank allegedly froze rate at 0.30%, other depositors got 4.35% Capital One disagrees with claims, says it was transparent Jan 14 (Reuters ...
Hosted on MSN15d
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 News15d
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 ...