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.
The lawsuit claims that Capital One misled consumers about the interest rates on its 360 Savings accounts from 2013 to 2019.
1don MSN
The Consumer Financial Protection Bureau has finalized a rule to keep medical bills off of consumers’ credit reports.
WREG-TV Memphis on MSN7d
Medical debt to be banned from credit reportsThe rule from the Consumer Financial Protection Bureau (CFPB) will remove $49 billion in medical debt for 15 million ...
The bureau’s policies restore the no-action letter and sandbox designation, but feature some tweaks aimed at correcting past “shortcomings.” ...
Many of these people carry medical debt despite having some form of health insurance. The CFPB said some of the past-due balances are actually erroneous, reflecting amounts already paid or greatly ...
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