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 Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
What's In Your Wallet? Suit Alleges It May Be Less Than Capital One Suggested
If you had a savings account at Capital One between 2019 and mid-2024, you may have been misled into accepting a lower return on your deposits than the marketing suggested, according to a lawsuit filed Tuesday by the government's consumer watchdog agency.
Regulators accuse 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.
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
Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments
Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest payments.
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 administration takes over the regulator.
Capital One Accused of Defrauding Customers of $2B in Interest
Capital One faces a lawsuit for deceiving consumers on savings account rates, causing $2B in potential losses.
Major bank accused of fraud, cheating customers out billions
The watchdog has accused the major bank of fraud, thus cheating customers out of billions. The Consumer Financial Protection Bureau (CFPB) filed a complaint on Tuesday highlighting Capital One’s questionable handlings of its 360 Savings accounts.
Capital One sued; Cheated customers out of $2 billion, feds said
The suit, filed Tuesday, alleges customers were cheated out of more than $2 billion in interest through Capital One’s flagship “360 Savings” accounts. The accounts were advertised as having the nation’s “best” and “highest” interest rates but instead were frozen at the lowest level even as rates rose nationwide,
Capital One High-Yield Account Wasn’t
Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions ...
Capital One lawsuit reveals how bank customers can get smart and get their money’s worth
A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up ...