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.
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.
Capital One Sued by US Watchdog Alleging Bank Cheated Customers Out of $2 Billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest p
Capital One Sued By CFPB For Allegedly Cheating Customers Out Of Billions In Interest Payments
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent holding company,
Capital One accused of cheating customers out of $2 billion in new lawsuit
The Consumer Financial Protection Bureau took aim at Capital One's promises and handling of its '360 Savings' accounts.
Afternoon Briefing: Capital One accused of cheating customers out of $2 billion
Banks are generally permitted to pay as little in interest as their customers will permit, but Capital One went too far, according to the lawsuit filed by the Consumer Financial Protection Bureau, by deliberately confusing its customers about its products.
JD Supra6d
CFPB’s Successor Homeowner Issue Spotlight: The Other Side of the Story
On December 17, 2024, amid a flurry of activity by the Consumer Financial Protection Bureau (CFPB), the agency released an Issue Spotlight ...
Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports, CFPB Alleges
The Consumer Financial Protection Bureau sued the credit reporting agency alleging that if failed to investigate or correct ...
American Banker4d
CFPB issues new fintech sandbox and no-action letter policy
The CFPB issued separate policy statements on "sandbox approvals" and no-action letters for fintechs. Both policies are expected to be rescinded by an acting CFPB director appointed by President ...
USA Today4d
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
Noting that the CFPB had “established an interactive webpage that permits consumers to submit complaints based on particular product groups,” she analyzed the narratives that customers had ...
CFPB sues Experian over consumer credit accuracy
Experian maintains crucial files on most American families but allegedly mishandles their complaints—damaging household ...
American Banker5d
Debt collectors sue the CFPB for 'overreach' on medical debt
Both lawsuits allege that the CFPB does not have the statutory authority to issue the rule under the plain text of the Federal Credit Reporting Act. But the debt collectors' complaint goes further ...