Capital One sued by US CFPB for avoiding billions in interest payments
Capital One was sued on Tuesday by the U.S. Consumer Financial Protection Bureau, which accused the bank of illegally cheating customers who held its flagship "high interest" savings account out of more than $2 billion in interest payments.
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Capital One Sued by CFPB Over Its Savings Accounts“Capital One did not specifically notify 360 Savings accountholders about the new product, and instead worked to keep ...
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
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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