Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.The federal government's consumer watchdog claims Capital One's practices meant millions of customers missed out on a collective $2 billion they could have made in interest payments.
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.
Capital One Made ‘Substantial Progress’ Resolving Outage—Here’s What To Know
The bank experienced a “technical issue” with a third-party vendor this week, impacting some account services like deposits and payment processing.
Capital One allegedly swindled savings account holders out of billions in interest income
Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.
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.
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 is having a tough week
It's been a tough week for Capital One, with a lawsuit and system outage hitting back-to-back as other big US banks enjoy positive headlines around stellar fourth-quarter earnings. On Tuesday, the Consumer Financial Protection Bureau sued 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's technical woes worsen, with more bank accounts hit with deposit delays
Capital One outage delays deposits, frustrating customers nationwide
Capital One gives update on deposit issues as customers demand answers
FIS Global, the Capital One service provider involved, said it has "restored access" and processing should be done Friday.
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
Capital One outages delay bill payment, paycheck processing for thousands
Capital One customers faced outages that have prevented some from accessing direct deposits, paying bills and more.
Capital One technical glitch preventing customers from getting paid: ‘I’m hungry’
FOX Business reached out to Capital One for comment. It’s the latest blow to the financial institution, which is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly misleading customers by not notifying them of account options that paid higher interest rates.