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Capital 1 Cheated 360 Savings Customers On Interest

CBS News on MSN · 7h

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.

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.

Hosted on MSN · 8h

CFPB sues Capital One for 'cheating' millions of customers out of $2 billion plus in interest

Capital One misled customers about their savings account interest rates, "cheating" them out of over $2 billion in interest, the Consumer Financial Protection Bureau alleged in a Tuesday lawsuit. Why it matters: The agency alleged that millions of customers are affected.

American Banker16h

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 ...

10h

Lawsuit claims Capital One kept savings rates low while advertising 'top' and 'best' returns

The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.

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