Capital One sued by CFPB over its high-yield savings accounts
The CFPB said Capital One lowered and froze its 360 Savings account’s APY to 0.30 percent from late 2019 to mid-2024, while it increased the new 360 Performance Savings account’s APY from 0.40 percent to 4.25 percent between April 2022 and January 2024.
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...
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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 ...
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